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We have a partnership that has a rented commercial property in 2017. The tenant was unable to pay any rent in 2017. This is a substantial loan on the property with interest for the year of approx €70K In the tax year 2017 the partnership did a deal with the bank in which they got a write off of approx €1m but still leaving a substantial amount owed. My question is does the partnership now have a tax loss of approx €70 being the interest paid for 2017. Also can each of the partners use this loss against their other Case V profits in their personal tax return for 2017 Many thanks

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Asked on 16 October 2018 11:31 am