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Ask the Tutor ACCA TX-UK

Property Losses

LLatoya5y ago
If the landlord experienced losses two years back to back, is the cumulative loss carried forward and offset against property income until a profit is realized.
TTTax Tutor5y ago#1
Firstly my apologies for the delay in reply - and yes the losses will continue to be carried forward until they have been absorbed by future property income
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