Form 12 Rental income section

[Mr.A]

Could somebody please provide guidance on the following? I've made up numbers in an attempt to make the question clear but my formatting of the text appears to be lost!
My Q is how do you carry fwd the Net rental loss? Should it be included in the Cap allowances c/f section? I cant see a separate box for it or is it referred to as something else?
I have assumed 1k cap allowance for 8 years.

2009 extract - year 1
Rent Receivable €10,000
Less: Repairs €6,000
Allowable interest €4,000
Other €3,000
Net rental loss (after expenses but before capital allowances) -€3,000
(How is this bit carried fwd?)

Capital Allowances forward from a prior year €0
Capital Allowances used against rental income in the year 2009 €1,000
Capital Allowances available for carry forward or offset €7,000
Excess Case V Capital Allowances ?

****************************************************
2010 extract
Rent Receivable €10,000
Less: Repairs €2,000
Allowable interest €4,000
Other €6,000
Net rental loss (after expenses but before capital allowances) -€2,000

Capital Allowances forward from a prior year €7,000
I assume this is only cap allowances and shouldn't include the Net rental loss -3k above from 2009? Ie 10k?


Capital Allowances used against rental income in the year 2009 €1,000
Capital Allowances available for carry forward or offset €6,000
Excess Case V Capital Allowances ?
**************************************************

Any help would be greatly appreciated!
Thanks.

 

[Tomorrow]

You do not carry if foward on the tax return.

You keep your own record of it - a 'loss memorandum' and only enter it in the tax return in whatever year you need to use the loss against rental profits