investment property sold at loss - roll forward capital loss?

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Redj1971

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I sold an apartment in Dublin in Q4 2013 for a loss. Anybody know
(a) is that los allowable against any gains and for how long going forward?
(b) how do I record that on Form 11 (or is a different form?)

thanks!
 
If the property was sold to an independent 3rd party then the loss is allowable against capital gains in 2013 and any unrelieved amount carried forward indefinitely.

If you file a form 11 then it goes on that, if not a form CG1.

I presume you never occupied the property as your principle private residence.
 
Should have also mentioned that if you get any write off of debt the cost of the asset is reduced by the amount of the write off. So your loss is restricted.
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