TOTAL EARNING IS £7313.64
10 January 2015 17:13 (GMT/GMT)
TOTAL NORMAL EARNING IS £7475.93
NETT PROPERTY SURPLUS £101561
As you did not declare the disposal of the Spanish property - this can only be taken into account IF you now make a full declaration of the property with HMRC. But as this is more than 3 years ago, it may be that HMRC will not consider this, so you need to write and ask them (or amend your self assessment tax return to advise them of this capital loss) so you can bring this forward to use tax year against the gain now made.
OK UNDERSTOOD AND WE DO NOT BRING THIS UP
You then advise that you had a business and self employment from 2013 and made losses. so did you declare this to the tax office (In 2013 and earlier) years that you had this business - Are you no longer in business ?
NO AS IT WAS AFTER THE APRIL 2013 SINCE THE LOSS I HAVE STOPPED IT
You still have not given any more information about the overseas losses you made - is this connected with the business you made losses on? Tell me what looses and whether the tax office know about this business and the losses
YES IT RELATED TO ABOVE QUESTION, NO TAX OFFICE DOES NOT KNOW ABOUT THIS AS IT WAS AFTER APRIL 2013I look forward to hearing from you (and these further questions ALL fall within the amount you have already paid to Just Answer)ThanksSam
1. Having completed my self assemsnet return calculations -14, I see that I have an unutilised personal allowance of some £4,000. Am I able to offset this unused personal allowance against the balance of my chargeable gain on the disposable of a propertty in the same year?
2. I also have income losses carried forward of £11,181 from a handful of properties which i still own and let. Am i able to utilise these carry forward losses against the chargeable gain on the disposal of the property mentioned in (1) above?