Hi,

I have made a yearly loss on my room rentals, so no tax to be paid.
Can the loss be carried over to the next year?

zeebop wrote:

> I have made a yearly loss on my room rentals, so no tax to be paid.
> Can the loss be carried over to the next year?

If you're using the rent-a-room scheme, then I don't think so.
Otherwise yes.

On Thu, 15 May 2008 20:58:01 GMT, Ronald Raygun
<no.spam@localhost.localdomain> wrote:

>zeebop wrote:
>
>> I have made a yearly loss on my room rentals, so no tax to be paid.
>> Can the loss be carried over to the next year?
>
>If you're using the rent-a-room scheme, then I don't think so.
>Otherwise yes.

Thanks for your advice. No, I am not using the rent-a-room scheme.
In this case, I will expect to see my accountants carry over my losses
in my return next year.

You should start a website of all the questions you reply to - you'd
get a lot of visitors! :)

On 15 May, 22:41, zeebop <y...@um.right> wrote:
> On Thu, 15 May 2008 20:58:01 GMT, Ronald Raygun
>
> <no.s...@localhost.localdomain> wrote:
> >zeebop wrote:
>
> >> I have made a yearly loss on my room rentals, so no tax to be paid.
> >> Can the loss be carried over to the next year?
>
> >If you're using the rent-a-room scheme, then I don't think so.
> >Otherwise yes.
>
> Thanks for your advice. No, I am not using the rent-a-room scheme.
> In this case, I will expect to see my accountants carry over my losses
> in my return next year.
>
> You should start a website of all the questions you reply to - you'd
> get a lot of visitors! :)

Yes he should because he is great.

And loss relief is a particularly difficult thing to look up on the
internet. The general rule is:

You can carry losses forward indefinitely. Or IIRC backward for 3
years in the same trade - for you I think that means  the same
property.

But you can carry losses sidewise in companies and set them against
capital losses, and between groups of companies, and that is a Lucerne-
black hole in the internet.

Hull are almost up for the first time ever and Accountancy seems to be
the only thing you *can't* DIY on the internet so I challenge Peter to
buy us all a drink in the White Lion of Mortimer if they make it.

:o)

On 16 May, 19:02, Troy Steadman  wrote:
> On 15 May, 22:41, zeebop <y...@um.right> wrote:
>
>
>
>
>
> > On Thu, 15 May 2008 20:58:01 GMT, Ronald Raygun
>
> > <no.s...@localhost.localdomain> wrote:
> > >zeebop wrote:
>
> > >> I have made a yearly loss on my room rentals, so no tax to be paid.
> > >> Can the loss be carried over to the next year?
>
> > >If you're using the rent-a-room scheme, then I don't think so.
> > >Otherwise yes.
>
> > Thanks for your advice. No, I am not using the rent-a-room scheme.
> > In this case, I will expect to see my accountants carry over my losses
> > in my return next year.
>
> > You should start a website of all the questions you reply to - you'd
> > get a lot of visitors! :)
>
> Yes he should because he is great.
>
> And loss relief is a particularly difficult thing to look up on the
> internet. The general rule is:
>
> You can carry losses forward indefinitely. Or IIRC backward for 3
> years in the same trade - for you I think that means  the same
> property.
>
> But you can carry losses sidewise in companies and set them against
> capital losses, and between groups of companies, and that is a Lucerne-
> black hole in the internet.
>
> Hull are almost up for the first time ever and Accountancy seems to be
> the only thing you *can't* DIY on the internet so I challenge Peter to
> buy us all a drink in the White Lion of Mortimer if they make it.
>
I'd be happy to!

On 18 May, 08:45, PeterSaxton  wrote:
> On 16 May, 19:02, Troy Steadman  wrote:
>
>
>
> > On 15 May, 22:41, zeebop <y...@um.right> wrote:
>
> > > On Thu, 15 May 2008 20:58:01 GMT, Ronald Raygun
>
> > > <no.s...@localhost.localdomain> wrote:
> > > >zeebop wrote:
>
> > > >> I have made a yearly loss on my room rentals, so no tax to be paid.> > > >> Can the loss be carried over to the next year?
>
> > > >If you're using the rent-a-room scheme, then I don't think so.
> > > >Otherwise yes.
>
> > > Thanks for your advice. No, I am not using the rent-a-room scheme.
> > > In this case, I will expect to see my accountants carry over my losses> > > in my return next year.
>
> > > You should start a website of all the questions you reply to - you'd
> > > get a lot of visitors! :)
>
> > Yes he should because he is great.
>
> > And loss relief is a particularly difficult thing to look up on the
> > internet. The general rule is:
>
> > You can carry losses forward indefinitely. Or IIRC backward for 3
> > years in the same trade - for you I think that means  the same
> > property.
>
> > But you can carry losses sidewise in companies and set them against
> > capital losses, and between groups of companies, and that is a Lucerne-
> > black hole in the internet.
>
> > Hull are almost up for the first time ever and Accountancy seems to be
> > the only thing you *can't* DIY on the internet so I challenge Peter to
> > buy us all a drink in the White Lion of Mortimer if they make it.
>
> I'd be happy to!-

When can we arrange the drink? I do hope you mean the Mitcham pub!

On 25 May, 22:38, PeterSaxton  wrote:
> On 18 May, 08:45, PeterSaxton  wrote:
>
>
>
>
>
> > On 16 May, 19:02, Troy Steadman  wrote:
>
> > > On 15 May, 22:41, zeebop <y...@um.right> wrote:
>
> > > > On Thu, 15 May 2008 20:58:01 GMT, Ronald Raygun
>
> > > > <no.s...@localhost.localdomain> wrote:
> > > > >zeebop wrote:
>
> > > > >> I have made a yearly loss on my room rentals, so no tax to be paid.
> > > > >> Can the loss be carried over to the next year?
>
> > > > >If you're using the rent-a-room scheme, then I don't think so.
> > > > >Otherwise yes.
>
> > > > Thanks for your advice. No, I am not using the rent-a-room scheme.
> > > > In this case, I will expect to see my accountants carry over my losses
> > > > in my return next year.
>
> > > > You should start a website of all the questions you reply to - you'd> > > > get a lot of visitors! :)
>
> > > Yes he should because he is great.
>
> > > And loss relief is a particularly difficult thing to look up on the
> > > internet. The general rule is:
>
> > > You can carry losses forward indefinitely. Or IIRC backward for 3
> > > years in the same trade - for you I think that means  the same
> > > property.
>
> > > But you can carry losses sidewise in companies and set them against
> > > capital losses, and between groups of companies, and that is a Lucerne> > > black hole in the internet.
>
> > > Hull are almost up for the first time ever and Accountancy seems to be> > > the only thing you *can't* DIY on the internet so I challenge Peter to> > > buy us all a drink in the White Lion of Mortimer if they make it.
>
> > I'd be happy to!-
>
> When can we arrange the drink? I do hope you mean the Mitcham pub!

You are alright. Yes, I was in the White Lion of Mortimer last week,
escaping from the tedium of Park Place. We'd only talk about tax or
something boring and who needs that.

At least we now know that an over-weight "has-been" can be a proper
hero - Windass will be given the freedom of Hull presumably...followed
by the news that he is "surplus to requirements"?

Have a moaning practise for nexrt year:

1) Ferguson has the referees in his pocket,
2) Abramovitch shouldn't ne allowed to get away with it

...and the Derby chant on the last day of this season...

"You're going down with us! You're going down with us!
"You're going down
"You're going down with us!...


:)

On 26 May, 09:19, Troy Steadman  wrote:
> On 25 May, 22:38, PeterSaxton  wrote:
>
>
>
>
>
> > On 18 May, 08:45, PeterSaxton  wrote:
>
> > > On 16 May, 19:02, Troy Steadman  wrote:
>
> > > > On 15 May, 22:41, zeebop <y...@um.right> wrote:
>
> > > > > On Thu, 15 May 2008 20:58:01 GMT, Ronald Raygun
>
> > > > > <no.s...@localhost.localdomain> wrote:
> > > > > >zeebop wrote:
>
> > > > > >> I have made a yearly loss on my room rentals, so no tax to be paid.
> > > > > >> Can the loss be carried over to the next year?
>
> > > > > >If you're using the rent-a-room scheme, then I don't think so.
> > > > > >Otherwise yes.
>
> > > > > Thanks for your advice. No, I am not using the rent-a-room scheme.> > > > > In this case, I will expect to see my accountants carry over my losses
> > > > > in my return next year.
>
> > > > > You should start a website of all the questions you reply to - you'd
> > > > > get a lot of visitors! :)
>
> > > > Yes he should because he is great.
>
> > > > And loss relief is a particularly difficult thing to look up on the
> > > > internet. The general rule is:
>
> > > > You can carry losses forward indefinitely. Or IIRC backward for 3
> > > > years in the same trade - for you I think that means  the same
> > > > property.
>
> > > > But you can carry losses sidewise in companies and set them against
> > > > capital losses, and between groups of companies, and that is a Lucerne-
> > > > black hole in the internet.
>
> > > > Hull are almost up for the first time ever and Accountancy seems to be
> > > > the only thing you *can't* DIY on the internet so I challenge Peter to
> > > > buy us all a drink in the White Lion of Mortimer if they make it.
>
> > > I'd be happy to!-
>
> > When can we arrange the drink? I do hope you mean the Mitcham pub!
>
> You are alright. Yes, I was in the White Lion of Mortimer last week,
> escaping from the tedium of Park Place. We'd only talk about tax or
> something boring and who needs that.
>
> At least we now know that an over-weight "has-been" can be a proper
> hero - Windass will be given the freedom of Hull presumably...followed
> by the news that he is "surplus to requirements"?
>
> Have a moaning practise for nexrt year:
>
> 1) Ferguson has the referees in his pocket,
> 2) Abramovitch shouldn't ne allowed to get away with it
>
> ...and the Derby chant on the last day of this season...
>
> "You're going down with us! You're going down with us!
> "You're going down
> "You're going down with us!...
>
> :)

I hope that didn't come across as rude. I am really delighted and it
must be fantastic to wait so long for something so big, and no better
place to get it than Wembley.

On 26 May, 13:19, Troy Steadman  wrote:
> On 26 May, 09:19, Troy Steadman  wrote:
>
>
>
>
>
> > On 25 May, 22:38, PeterSaxton  wrote:
>
> > > On 18 May, 08:45, PeterSaxton  wrote:
>
> > > > On 16 May, 19:02, Troy Steadman  wrote:
>
> > > > > On 15 May, 22:41, zeebop <y...@um.right> wrote:
>
> > > > > > On Thu, 15 May 2008 20:58:01 GMT, Ronald Raygun
>
> > > > > > <no.s...@localhost.localdomain> wrote:
> > > > > > >zeebop wrote:
>
> > > > > > >> I have made a yearly loss on my room rentals, so no tax to be paid.
> > > > > > >> Can the loss be carried over to the next year?
>
> > > > > > >If you're using the rent-a-room scheme, then I don't think so.
> > > > > > >Otherwise yes.
>
> > > > > > Thanks for your advice. No, I am not using the rent-a-room scheme.
> > > > > > In this case, I will expect to see my accountants carry over my losses
> > > > > > in my return next year.
>
> > > > > > You should start a website of all the questions you reply to - you'd
> > > > > > get a lot of visitors! :)
>
> > > > > Yes he should because he is great.
>
> > > > > And loss relief is a particularly difficult thing to look up on the
> > > > > internet. The general rule is:
>
> > > > > You can carry losses forward indefinitely. Or IIRC backward for 3
> > > > > years in the same trade - for you I think that means  the same
> > > > > property.
>
> > > > > But you can carry losses sidewise in companies and set them against
> > > > > capital losses, and between groups of companies, and that is a Lucerne-
> > > > > black hole in the internet.
>
> > > > > Hull are almost up for the first time ever and Accountancy seems to be
> > > > > the only thing you *can't* DIY on the internet so I challenge Peter to
> > > > > buy us all a drink in the White Lion of Mortimer if they make it.
>
> > > > I'd be happy to!-
>
> > > When can we arrange the drink? I do hope you mean the Mitcham pub!
>
> > You are alright. Yes, I was in the White Lion of Mortimer last week,
> > escaping from the tedium of Park Place. We'd only talk about tax or
> > something boring and who needs that.
>
> > At least we now know that an over-weight "has-been" can be a proper
> > hero - Windass will be given the freedom of Hull presumably...followed
> > by the news that he is "surplus to requirements"?
>
> > Have a moaning practise for nexrt year:
>
> > 1) Ferguson has the referees in his pocket,
> > 2) Abramovitch shouldn't ne allowed to get away with it
>
> > ...and the Derby chant on the last day of this season...
>
> > "You're going down with us! You're going down with us!
> > "You're going down
> > "You're going down with us!...
>
> > :)
>
> I hope that didn't come across as rude. I am really delighted and it
> must be fantastic to wait so long for something so big, and no better
> place to get it than Wembley

I don't think anybody who knows Dean Windass would say he's
overweight!

It's difficult to know how well promoted clubs will do when they are
bound to add to their squad in a massive way.

It was a fantastic day. Not a great match but we held on after the
goal. Both sets of fans were fantastic.

"PeterSaxton"  wrote in message
news:22825627-1d74-4f0f-a582-009619453c29@a1g2000hsb.googlegroups.com...

< snip >

Noting the subject line, can I assume Hull (wherever that is?) can carry its
season's losses through to the "premier" (whatever that is) 08-09 season,
and thus be assured of demotion (whatever that is) next time?  I do hope so, 
cos Bristol was robbed... :-)

-- 
Martin

On 26 May, 19:26, "Martin"  wrote:
> "PeterSaxton"  wrote in message
>
> news:22825627-1d74-4f0f-a582-009619453c29@a1g2000hsb.googlegroups.com...
>
> < snip >
>
> Noting the subject line, can I assume Hull (wherever that is?) can carry its
> season's losses through to the "premier" (whatever that is) 08-09 season,
> and thus be assured of demotion (whatever that is) next time?  I do hope so,
> cos Bristol was robbed... :-)
>
> --
> Martin

It was a very tense match. Once we scored Bristol were always going to
attack.

It was a great day and both sets of fans were terrific.