RichieRuin
Registered User
- Messages
- 29
Last year I sold an apartment in Spain at a (very painful) loss.
From reading the Revenue website, I understand a) I can't offset the loss against other income and b) I can offset the loss against any CGT gains I might have in the future. The latter is not a very likely scenario but I would like for Revenue to have a record of the situation just in case.
I am filling out my form 11 via ROS at the moment and I don't see a place to declare the sale. Can I do it via Form 11, should I bring it to Revenue's attention through some other means, or should I not mention it at all? I have nothing to hide insofar as I have declared my foreign bank account and the rental income from the apartment on my tax returns over the years.
R.
From reading the Revenue website, I understand a) I can't offset the loss against other income and b) I can offset the loss against any CGT gains I might have in the future. The latter is not a very likely scenario but I would like for Revenue to have a record of the situation just in case.
I am filling out my form 11 via ROS at the moment and I don't see a place to declare the sale. Can I do it via Form 11, should I bring it to Revenue's attention through some other means, or should I not mention it at all? I have nothing to hide insofar as I have declared my foreign bank account and the rental income from the apartment on my tax returns over the years.
R.