UK Tax
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Answered in 21 minutes by:
5/15/2012
Tony Tax, Tax Consultant
Category: UK Tax
Satisfied Customers: 16,712
Experience: Inc Tax, CGT, Corp Tax, IHT, VAT.
VerifiedHi.
Property losses would normally be deductible from the next available letting profits. However, as the returns are seriously overdue, you may find that the Revenue do not allow the 2006/07 and 2007/08 losses as they were not claimed within four years of the end of the relevant tax year. Take a look here for more on time limits for claims.
Let me know if you have any further queries.
Property losses would normally be deductible from the next available letting profits. However, as the returns are seriously overdue, you may find that the Revenue do not allow the 2006/07 and 2007/08 losses as they were not claimed within four years of the end of the relevant tax year. Take a look here for more on time limits for claims.
Let me know if you have any further queries.
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