Peter D wrote:Yes if you make a loss you carry it forward and use it in future years to reduce any gains.
No. This is a loss on a property on which a below-market value rent is charged. The loss does not exist.
BTL house for Wifes Sister, Tax implications
12 posts • Page 2 of 2 • 1, 2
Re: BTL house for Wifes Sister, Tax implications
by Incredulum on Mon Feb 06, 2012 3:18 pm
No. This is a loss on a property on which a below-market value rent is charged. The loss does not exist.
- Incredulum
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- Joined: Thu Dec 03, 2009 5:35 pm
Re: BTL house for Wifes Sister, Tax implications
by Peter D on Mon Feb 06, 2012 3:27 pm
That is why I asked
"Do you expect to continue to make a loss year on year ?"
Is the sister paying an open market rent for the property. ?
Regards Peter
"Do you expect to continue to make a loss year on year ?"
Is the sister paying an open market rent for the property. ?
Regards Peter
- Peter D
- Posts: 9028
- Joined: Wed Aug 06, 2008 3:37 pm
12 posts • Page 2 of 2 • 1, 2
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