Tax Planning and Financial

2 Thanks
45 Posts
3 months ago

Looking for advise on loss carried forward. 2022-2023 was a disaster year for me as the tenant did not pay rent except for the first month of tenancy. Hence had to evict him through the court and baliffs. So the income was ie £800 and the expense including refurbishing the property after evicting him was almost £7500.

Will I be able to use the loss agaict the income for the year 2023-2024.

Many Thanks in advance.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.