Trade Loss

lizzy

Please can someone confirm to me the situation where a sole trader has made a loss but had other income from property: I have done this in studies some time ago but not in practice & have looked up on HMRC.

I think they should set the loss against other income of the same year (even if using up the p.allowance) before carrying forward and that rental income is included in other income.

Many Thanks All

lizzy

Ok I have sorted this now Need to stop read too far into things !!