anselld
23-05-2010, 16:37 PM
Hi,
Please could someone advise the correct way to treat ....
(a) Valuation Fees for the purpose of securing a mortgage?
Should this be added to the capital cost of the property or treated the same as arrangement fees, ie deductable as expense over the life of the loan. ( It was a mortgage company valuation, not a survey)
(b) What about CHAPS transfer fees in forwarding money to conveyancing solicitor? Again, is this incidental to the house purchase and hence capital? Or is it incidental to raising finance and thus expense?
many thanks.
Please could someone advise the correct way to treat ....
(a) Valuation Fees for the purpose of securing a mortgage?
Should this be added to the capital cost of the property or treated the same as arrangement fees, ie deductable as expense over the life of the loan. ( It was a mortgage company valuation, not a survey)
(b) What about CHAPS transfer fees in forwarding money to conveyancing solicitor? Again, is this incidental to the house purchase and hence capital? Or is it incidental to raising finance and thus expense?
many thanks.