Rental loss relief in period of administration

Can they be carried forward after death?

Didn't find your answer?

A client passed away last year and they received rental income.  They had rental losses available.

The estate has continued to receive rental income during the period of administration - can those losses from the taxpayer be carried forward and offset against the estate's income?

 

Thanks for your help.

Replies (2)

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By Accountant A
02nd Sep 2019 13:03

Was the deceased your client? From your question, the executors have appointed you to deal with tax in the administration period. Is that correct?

I would have thought the losses would be lost as the property now belongs to the estate and, ultimately, the beneficiaries.

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Replying to Accountant A:
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By Susiepie
02nd Sep 2019 13:20

Yes and yes to the first 2.
My thoughts were the same, but I wanted to ensure I was not missing anything.

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