In computing a chargeable gain or allowable loss on disposal of an asset, there is specifically allowed as a deduction various costs incurred in connection with title to the asset. For other allowable amounts, see ¶519-550.

The expenditure must be incurred in establishing, preserving or defending the disponor’s title to the asset or to a right over the asset (TCGA 1992, s. 38(1)(b)). The expenditure must be incurred wholly and exclusively by the disponor (or given on his behalf) in so doing (TCGA 1992, s. 38(1)(b); for the meaning of ‘wholly and exclusively’ in this context, see ¶519-600).

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