Rental Property If you have a number of properties which you rent - TopicsExpress

Rental Property If you have a number of properties which you rent out you must distinguish these between those that are furnished and those that are unfurnished. This difference makes the income taxable under two seperate sections of the taxes acts. Because of this if you were to make a loss on say, your unfurnished property you can only offset this against future profits from unfurnished lettings as you cannot offset it against furnished property income.

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