skip to Main Content

Rental Losses to be Ring Fenced

Inland Revenue has announced an intention to ring fence Losses from Rental Properties- It’s not law yet but is expected to be pushed through from the 2020 Income tax year (After 1 April 2019).

Basically any losses from rental properties will no longer be able to be offset against other income (wages, business income, etc) which has always been a large attraction of purchasing rental properties.  They will need to be carried forward until you have a profit from rental property activity and used against that. It’s just a timing thing, but if you sold a rental property before you had used up those losses, you would never get to use them.

We will keep you informed of any developments and how they affect you.

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top