Offset trading loss against CGT on foreign property sale

Hi, We own a single foreign rental property. This is being sold with a close date which will fall either in this or next tax year. This will be the cessation of the rental business. We own no further foreign property and will not be buying any in the future. In the current tax year we will have incurred trading losses. I have two questions. Can this be offset against CGT if we close in the current tax year? Can this be offset is we close in the next tax year?

Hi Nick.dixon,
Rental losses cannot be offset in any year against any potential capital gain.
As the letting has ceased, the losses will then be lost.
Thank you.