Tax Return for Insolvency

[JustinM]

I am just aout to do my 2010-11 tax return for a rental property. My property management company became insolvent during the tax year leaving me approx £6k out of pocket. Where do I account for this loss on the tax return (i.e. which box?).

Also, having looked back over previuos returns done by them, there is a mistake in the amount of loss carried over from the tax year 07-08 (i.e. on the 08-09 return). Can I rectify this on this years return?

Thanks in advance.

[Incredulum]

Just to clarify:

You have a rental property that you own personally? You have a property management company that was your agent? And it collected rent on your behalf? It went insolvent, and you were not given the 6k rent it had collected from your tenants and you were owed?


If this is the case, I do not believe you are entitled to a tax deduction. Your agent collected your money - i.e. you collected your money.


I do not know what you mean by "a mistake", please let us know exactly what sort of mistake, and where and how.