Hi Cablecar,
The general rule is that property losses are automatically carried forward and set against rental profits of the following year. The property business profit of the current year may be too small to give relief for all the loss of the previous year.
If so, the loss is carried forward to the next year, and so on indefinitely until relief can be given.
Further information is available at:
PIM4210 - Losses: setting losses against future profits
Thankyou.