Loss on sale of property offset against rental income

Loss on sale of property offset against rental...

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If a self-employed person buys a property for rental purposes, improves it and sells it at a loss to release funds to buy further properties (in more profitable area) for rental purposes, is there any way that the losses on the sale of the renovation can be offset against the profits from rental income.
jackie milton

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By AnonymousUser
18th Jul 2005 09:28

No ...
Is the short answer

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