Rental losses

Rental losses

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If a property is held in a limited company:

1.  Interest is a general expense (excess debit on loan relationship)   of the company and can be therefore be offset against other income including trading profits and other capital gains?

2.  If there are rental income losses they may also be offset against other income including trading profits and capital gains.

3.  Any brought forward losses including rental income losses, trading losses and excess debits on loan relationships can be offset against capital gains?

Many thanks

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By Alan Deakin
29th Jan 2015 15:51

Sorry, I realise that trading profits cannot be set off against capital gains.  They can only be carried forward to use against the same trade to the extent that they are not relieved by CY or PY loss relief.

Is the rest ok?

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By Portia Nina Levin
25th Apr 2015 18:10

(No subject)

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By Alan Deakin
29th Jan 2015 17:39

Many thanks PNE.
And excess debits can only be carried back one year, and then only against excess credits on loan relationships?

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