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Rental losses (in a partnership)

OliverHH Houlston
Posted Fri, 26 Jan 2024 14:48:25 GMT by OliverHH Houlston
Can rental losses in partnership business be offset against rental profits on property income outside the partnership in their own name? Thanks
HMRC Admin 19
Posted Mon, 29 Jan 2024 15:41:03 GMT by HMRC Admin 19
Hi,

No, rental losses from the partnership cannot be offset against profits outside the partnership. You can see guidance here:

PIM1030 - Introduction: jointly owned property & partnerships

Thank you.

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