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If I decide to sell one or more properties then will my losses be offset against any CGT liability?

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If I decide to sell one or more properties then will my losses be offset against any CGT liability?

Question

I have a number of rental properties which are currently running at a loss since the rental income does not cover all the outgoings. If I decide to sell one or more properties then will my losses be offset against any CGT liability?

 

Arthur Says:

The rental losses cannot be offset against the CGT liability.

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