My Home Depot

How do I account Home improvement costs during the time of sale of the property considering Capital Gain?

If I have spent 5-6 lakhs on Home Improvements from the time I have brought this property and during the time of sale when I am calculating the Capital Gain, how do I account or show the expenses on Home improvement and also the cost incurred for advertisement, Chartered accountant fee etc? Please Advice

Public Comments

1. Those amounts are just added to the cost basis of the house. What you paid for the house plus all other improvement expenses.