Land and property summary
The Land and property summary provides an overview of the data entered for UK and foreign property. It comprises two pages, one for UK properties and one for foreign (including EEA furnished holiday lettings).
| Option | Description |
|---|---|
| Loss brought forward | These are populated from the Loss to carry forward boxes on the previous year’s UK property pages, SA105, and Foreign pages, SA106, and are amendable here. |
| Taxable profit/(Loss for the year) | These are populated from the UK property pages, SA105, and Foreign pages, SA106. |
| Total loss available | The sum of Loss brought forward and Loss for the year. |
| Loss used against | Available losses are initially allocated against any profit of the same type. You can override the auto-calculation by clicking on the yellow shaded boxes. You can also manually enter any non-FHL loss to be used against total income. |
| Taxable profit (loss to be carried forward) | Calculated from the figures above. |
| Accounting basis | Select whether the accounts of the property business have been prepared on the cash or accruals basis. |
| Residential finance costs | |
|
Amount brought forward |
Populated from the Amount to carry forward in the return you submitted in the previous tax year. You can amend this to reflect any restriction shown in the Property finance costs appendix to the previous year’s tax calculation. |
|
Amount for the year |
Auto-calculated from the amounts entered on the Foreign property data entry pages. You can override this figure. |
|
Total amount available for the year |
The sum of the Amount brought forward and Amount for the year. |
|
Amount used this year |
Auto-calculated as the Total amount available for the year. You can override this figure. |
| Amount to carry forward | The Total amount available for the year minus Amount used this year. |