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Self return tax form
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randomi15
Posts: 191 Forumite
in Cutting tax
Hi all,
If I have to do self assessment tax return, does sell of my flat with considerable loss be seen as tax adjustment or something I can offset my tax against?
I sold my flat which was rented for 5 years with 13k loss compared to what i paid for it back few years ago
If I have to do self assessment tax return, does sell of my flat with considerable loss be seen as tax adjustment or something I can offset my tax against?
I sold my flat which was rented for 5 years with 13k loss compared to what i paid for it back few years ago
0
Comments
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Afraid not! Capital gains losses can only be set against other capital gains in the same or future years.0
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