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Can a loss on a property investment in USA be offset against

Customer Question

Can a loss on a property investment in USA be offset against UK income tax?
Submitted: 3 years ago.
Category: Tax
Expert:  Sam replied 3 years ago.

Hi

 

Thanks for your question, my name is Sam and I am one of the UK tax experts here on Just Answer.

 

Whether this refers to rental income or the sale of the property,I am afraid the answer is no, it can only offset against future property profits if referring to rental income or if in reference to the sale of the property, gains on future sales.

 

I am sorry the news is not more favourable

 

Thanks


Sam

 

 

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