I was hoping someone may be able to advise.
I sold two apartments in 2009 that were in Bulgaria. The total loss was £33,000
I never reported the loss and never realised I might be able to set the loss against a gain in the future.
I have just submitted a self assessment for 2017/18. In this year I sold a buy to let property and made a gain of £9,000
I understand that I may still be able to use the loss I made in 2009 against the gain I made in 2017.
Ive spoken to a technician from HMRC and she told me that I could not automatically do this and I would have to write a letter and ask if the tax inspectors would approve the loss and me using it to offset a gain some 8 years later.
Could anyone advise if this is possible and if so what I should include in the letter to assist with it being approved?
Many thanks
Chris
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