ROS won't allow expenses greater than Rental Income??

P

Perplexed

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I had a difficult year last year. Had tenants that did a bunk leaving big gas & electricity bills behind as well as a lot of repairs needed. Upshot is that property was then vacant for a few months and my allowable expenses were greater than my rental income.

ROS says .
"Total amount of expenses cannot be greater than the amount entered at Foreign Rent"

What do I do now? Will I have to phone ROS?
 
Haven't filled in a ROS form 11 in a while, but I'd imagine it just means you can only reduce your rental income to nil - which makes since since rental loss can't be offset against other income...

You just carry forward the loss in your own records and claim it against profit, if any, for next year...
 
Thanks a mill.

I was wondering how to get around it. I thought the system should have been able to do this for me.
 


Why foreign rent, is apt on Nord Side

You are in wrong section me thinks
 
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