Rental losses

A new client has failed to declare a source of rental income that commenced in 2006/07. My understanding is that 2006/07 is now out of time is this correct please?

The rental accounts show a loss in 2006/07 but profits in all later years. If 2006/07 is out of time, can the losses nevertheless be brought forward to be relieved in 2007/08 and 2008/09?

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Yes

Euan MacLennan |
Euan MacLennan's picture