03 - Property Income Flashcards
(4 cards)
1
Q
What is the cash basis limit from property income?
A
up to £150k
2
Q
What happens when there are losses during the year on properties?
A
They are carried forward to the first available profit
3
Q
How are properties treated if there are multiple owned by a single landlord?
A
There profits/losses are grouped together and treated as one
4
Q
A
