Have you made a losses on your rental property? What happens now?

What happens when you make a loss in the property rental that you own in your own name? How do the tax rules work? How do you set it against your rental profits in the future? What about the mortgage interest? What if I have no tax to pay? How do the residential finance charges work with brought-forward costs? In this video, you will discover: How is a loss calculated? When are losses used? How does the residential finance charge work when you have no tax to pay? An example showing how a loss works through over 3 years. What else do you need to know? Thanks for tuning in to the video. If you know anyone who may find the property information helpful and useful then please share it with them too. Subscribe to the channel and press the notifications button to ensure you keep up to date with the latest property tax and accounting videos If you need help from an accountant then check out http://www.shapcotts-accountants.co.uk Check out my links at https://linktr.ee/KimberleyShapcott DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional. #property #propertytax #propertyinvestment #accountants #taxadvisor #Landlord #propertyinvestor #finance #BTL #HMO #allowableexpenses #shapcottsaccountants #believepropertyltd Final editing by Shapcotts Online Productions. Thumbnail by Unknown Creatives (Midlands) Ltd. Music from: Happy Upbeat Corporate | WORK by Alex-Productions |    / @alexproductionsnocopyright   Music promoted by https://www.free-stock-music.com Creative Commons Attribution 3.0 Unported License https://creativecommons.org/licenses/...