Property losses and planning
You'll learn how property losses work for individuals in the UK tax system and discover key planning strategies to minimise your tax bill.
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In this lesson
- 0:00 Property losses for individuals
- 0:25 Carrying forward property losses
- 0:42 Tax planning with spouses and partners
- 1:37 Joint property ownership and elections
About this lesson
This lesson covers why property losses can only be carried forward against future rental income (not offset against other income), and how couples can strategically allocate properties between spouses to utilise personal allowances and lower marginal tax rates. You'll also understand the rules for jointly owned properties and when you need to formally notify HMRC to change ownership percentages. Essential knowledge for the TX and ATX papers.
Duration: 2m
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