Hi all,
Just completing my return for 2018 and one small query.
On page 8, last line Losses - amount of unused allowances from a prior year.
Is this the total amount of rental income losses I'm carrying forward to be offset or the amount I'm offsetting this year ?
For example :
Total losses on rental property to date
32000
Total surplus on the rental for 2018 due to market improvement
6000
The surplus would give rise to a prsi and usc liability so do I put in 6540 (6000 + 9%) as the loss carried forward or do I put in the total of 32000 available and let revenue sort it out.
Just completing my return for 2018 and one small query.
On page 8, last line Losses - amount of unused allowances from a prior year.
Is this the total amount of rental income losses I'm carrying forward to be offset or the amount I'm offsetting this year ?
For example :
Total losses on rental property to date
32000
Total surplus on the rental for 2018 due to market improvement
6000
The surplus would give rise to a prsi and usc liability so do I put in 6540 (6000 + 9%) as the loss carried forward or do I put in the total of 32000 available and let revenue sort it out.
Last edited by a moderator: