Can I choose to defer a loss on my tax return?

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    Can I choose to defer a loss on my tax return?

    Hello all

    I'm completing my tax return. I have 2 rental properties, one of which has generated a profit, and one a loss (the sum of both is a profit).

    Can I defer reporting the loss until next year? It would benefit my tax position if I could, because my income this year is very low (below the personal allowance threshold), and will be much higher next year.

    Any thoughts gratefully received.

    #2
    The short answer is No.

    All UK properties will usually form a single business, so the losses and profits are automatically aggregated.

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