No Gain in Spain?Make Text Bigger
My wife and I bought an off-plan property in Spain’s Costa Blanca in 2003. We used that for holidays ourselves, and rented it out as a holiday let. We sold that last year, at a small loss, having already bought another one in Costa del Sol.
We then sold a rental property in UK this year, at a profit. Can we carry forward the loss in Spain from last tax year to offset against the gain made this year in UK, as we always have to declare our income and or profit made in Spain when submitting our UK Tax Return?
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