Are foreign rental capital allowances & losses deductible?

F

fpt

Guest
I have a property in Turkey (loss in first year) and one in the UK (profit) and my question is this:
Can I group all my foreign properties together for my Irish tax return, so that the excess capital allowances & loss in Turkey can be used to reduce my taxable profit on the UK property?
Is there any restrictions on this and does the fact that Turkey has no double tax agreement with Ireland have an impact?
 
Both roperties are taxable under case 111. Income from forign possession. You must calculate the rental income & capital allowance under Irish tax law. If you have a loss on one you may offset against the other.
 
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