Form 12 - Rental Loss - How to carry forward to next year ?

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Laura

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On my previous years tax returns I made a loss on a rental property. I am now completing returns for 2006 (late I know) how do I declare this loss to reduce this years liability on form 12 ?

Do I put it into Capital Allowances Brought Forward from Previous year ?
 
there is a line titled "loss forward from a prior year" at end of page 5. Enter it there i would expect.
 
I am filling in my medical expenses on the same form (with supporting Med1form)... It asks for the Amount claimed for the year 2006 - Do I put in my full amount of eligible medical expenses OR Eligible Expenses MINUS the 125 excess ??
 
Laura said:
I am filling in my medical expenses on the same form (with supporting Med1form)... It asks for the Amount claimed for the year 2006 - Do I put in my full amount of eligible medical expenses OR Eligible Expenses MINUS the 125 excess ??
Click to expand...


The excess is deducted on the MED1 form so the amount on the F12 is the net allowable amount after deducting the excess.
 
Laura said:
I am filling in my medical expenses on the same form (with supporting Med1form)... It asks for the Amount claimed for the year 2006 - Do I put in my full amount of eligible medical expenses OR Eligible Expenses MINUS the 125 excess ??
Click to expand...
Remember that you don't need to fill in a Form 12 return as a matter of course every year unless there are significant changes in your circumstances meriting it or Revenue ask you to return one. Normally specific reclaims (e.g. MED1/2 etc.) can be done individually using a specific form or simply by writing to Revenue with the necessary details.
 
Txs Clubman and Graham07 for your replies. I am just trying to get this form out the door but am confused on some items in Section13 - Rental Income from Land and Property in the State

"Capital Allowances forward from a prior year" - Is this unused Capital Allowances from the previous year ? This is confusing me a little as my Capital Allowances caused the "Loss Forward from a prior year" and it seems like double counting to me ?? Can anyone shed light ?

"Excess Case v Capital Allowances" - What should be included in this row ?

"Loss Forward from a prior year" - Ias on last year's return my capital allowances caused the loss from the previous year and would be included in the figure in this row but how then does revenue interpret "Capital Allowances from the previous year?"
 
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