Property business loss carry-forward (UK individual)
An individual’s qualifying property business loss is generally carried forward against later profits of the same property business, with any unused balance carried onward subject to the rules. Limited special reliefs may apply in particular circumstances; a loss is not automatically available against unrelated future income or another property business.
Worked example
An individual has a £9,000 qualifying property business loss and £4,000 profit from the same continuing business the following year. Assuming the general rule applies, £4,000 is set against that profit and £5,000 remains to carry forward.
Common mistake
Using a carried-forward property loss against salary or the profits of a separate business without an applicable rule.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | TX (UK) | Direct | June 2026–June 2027 |