Re: Property Loss


"Miss L. Toe" <missltoemissltoe@xxxxxxxxxxx> wrote in message
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"sks" <sks@xxxxxxxxxx> wrote in message
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I bought a property with a view to development but I've had to sell it at
a
loss of 7K. Can I use that against my income tax bill at all ? Obviously
my
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.

I don't do anything subject to CGT :(


.