Rental Loss

Z

z104

Guest
Hi,
What can you carry over as a rental loss if rental income does not cover interest and expenses. Can you also carry over 12.5% capital allowance to increase the loss.

Is the loss figure you carry over Rental income minus Interest and expenses or is it
Rental income minus Interest, expenses and capital allowance
 
What 12.5% capital allowance are you referring to? Do you mean wear and tear allowance?
 
Yes , wear and tear allowance. Thanks.

Is this entered in 208 (b) or does it fall under expenses?
 
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