Form 11 - foreign property sold at a loss

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.
 
I would write to your local tax office explaining the situation as you have here, detailing the sums involved. Then, it is on file if ever needed in the future.