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Carrying forward losses on rental property

25/04/2019 11:18:17
When the property was first let, there was a loss applied to the income which matched the income for that tax year, which is the maximum loss which can be applied. This left a balance of loss unclaimed - can the balance be carried forward to the following tax tear?
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Re:Carrying forward losses on rental property

25/04/2019 16:45:54
Hi,

Thank you for your question.

Any loss that has been brought forward from an earlier year and not utilised can be carried forward to the following year and utilised against any future profits.

Please see the following link for further guidance on this:

Property Income Manual PIM4210

I hope this helps.



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