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section 2 of ch 3 – property loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › section 2 of ch 3 – property loss

  • This topic has 3 replies, 2 voices, and was last updated 1 month ago by JillyB.
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  • December 15, 2022 at 1:47 pm #674681
    aahyan
    Member
    • Topics: 2
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    • ☆

    I would like to clarify if property loss come from property A can offset the property income from property B? or the loss can be offset in same property?

    thank you

    December 17, 2022 at 2:55 pm #674808
    JillyB
    Moderator
    • Topics: 0
    • Replies: 179
    • ☆☆

    if property A made a loss in this year then you must off set it against other property income in the current year before you carry the loss forward to next year

    December 18, 2022 at 7:19 am #674834
    aahyan
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    thank you

    December 18, 2022 at 11:55 am #674840
    JillyB
    Moderator
    • Topics: 0
    • Replies: 179
    • ☆☆

    no worries

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