From: Ronald Raygun 
Subject: Re: Income from property
Newsgroups: uk.finance
Date: Tue, 20 Mar 2007 00:00:28 GMT

John Boyle wrote:

> In message , Ronald
> Raygun  writes
>>> Certainly. But then it is part of the acquisition cost, not an expense
>>> which can be offset against income.
>>
>>In a sense it *is* an expense which can be set against income, but of
>>course only the "income" represented by the capital gain included in
>>the sale proceeds.
>>
> Yes, I have tried that with HMR&C's predecessor!

Tried what, exactly?  Your tone suggests it was unsuccessful.