I'm in the middle of my form 11 and I have some losses from previous years that I want to offset against my rental income. The losses all arise from one particular property but I want to offset them against both this property and one other. Is it OK or acceptable to include a sheet with my form 11 showing the calculation of losses, amount offset and the balance carried forward in an effort to make the return clearer to understand ?
Correct .. you just put down the amount brought forward and they will take that from your rental income after capital allowance to calculate the amount if any liable to income tax ..