A AbominableJoMan Registered User Messages 3 26 Oct 2017 #1 Quick question, Can you offset residential rental losses against commercial (ie. land) rental profit?
Quick question, Can you offset residential rental losses against commercial (ie. land) rental profit?
J Joe_90 Registered User Messages 2,222 26 Oct 2017 #2 Check that the land rental is not exempt under the letting of agricultural land rules. Then Case V rental income is assessed on the net amount of an individuals rental profits and losses. So your share of a loss can be set against a rental income.
Check that the land rental is not exempt under the letting of agricultural land rules. Then Case V rental income is assessed on the net amount of an individuals rental profits and losses. So your share of a loss can be set against a rental income.