Incorrect SA302 re Rental losses carried forward - Something to watch out for

Incorrect SA302 re Rental losses carried forward

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Just something to watch out for.

I noticed an error on a client's SA302. The client had rental losses more than sufficient to reduce her taxable position to nil. Her rental income was £4k and her losses brought forward were £20k.

The client requested an SA302 which showed the total loss brought forward as the rental income and the same figure as Income tax relief

I spoke someone in the technical team and they confirmed this was a known error with the Revenue software which they have been guaranteed will be fixed for the 16/17 tax returns. The only work around available is to change the loss brought forward figure to match the rental profits for the year and submit an amended return.

Usual Revenue nonse sense but just thought i'd let youse know

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