Due to an investigation arising in 2007, rental losses in 2007 were claimed in December 2011 have not been allowed by the Revenue as being out of date. The investigation arose out of undeclared rental income. As this is not a normal declaration is the Inspector correct
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I would have thought all this would be wrapped up in the settlement calculations. Was this overlooked when the settlement was agreed?
So he wants his cake & eat it then?
"I'll enquire into returns and amend the years where there's tax due but for the one where there are losses I'll close it with no amendment TMA 28A(2)(a)".
Hardly seems in the spirit of fairness, but when was that eve the case in tax?