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From 11 capital allowances

  • 28-10-2011 8:47am
    #1
    kevgaa
    Registered Users, Registered Users 2 Posts: 322 ✭✭


    Hi Folks,

    I'm in the process of completing my tax return for 2010 and I have a query re the capital allowances on a rented property.

    I know it furniture etc split over 8 years. my issue is around potential carry over.

    I had to do a lot of repairs to my rented property last year and as a result only had a net rental income of 600. I then had capital allowances of 2000 so in essence I made a loss of 1400.

    My question is can I carry over the 1400 to this years return or is that lost money?

    Despite the title it is form 12 I'm submitting..

    Thanks in advance.

    Kev.


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