Hi
I have 2 property rental businesses, a Limited company that makes approx £30k profit per year of which i pay tax on and another in my own name that I make a loss on of approx £15k per year. At the moment the total loss is around £50k for the past few years and rising each year as I buy properties and do repairs to them. I intend to carry on buying properties so the loss will carry on getting larger. I have no intentions of selling any of my properties in the near future, is there any way of offseting these losses
I have 2 property rental businesses, a Limited company that makes approx £30k profit per year of which i pay tax on and another in my own name that I make a loss on of approx £15k per year. At the moment the total loss is around £50k for the past few years and rising each year as I buy properties and do repairs to them. I intend to carry on buying properties so the loss will carry on getting larger. I have no intentions of selling any of my properties in the near future, is there any way of offseting these losses