Re: Property Loss

"sks" <sks@xxxxxxxxxx> wrote in message
news:TPSdnfvK9N9nyuHZRVnyqQ@xxxxxxxxxxxxxxxxx

I bought a property with a view to development but I've had to sell it at

loss of 7K. Can I use that against my income tax bill at all ? Obviously

acccountant will sort it out when he does my self assessment but really

I'm

just curious so I can sleep a little better tonight :)

My guess is no, but you should be able to use it to offset Capital Gains
Tax.

.