Compliance guide · 6 min read

Manage losses and review property summaries

Check brought-forward losses, loss claims, and previously submitted UK property period summaries before year end.

Follow the sequence

Work through the steps in order and return to this guide whenever the next action is unclear.

Keep the records current

Capture and review information as it happens, rather than leaving the whole quarter until the end.

Review before you finish

Check the details and any supporting evidence before completing the task.

01

What this guide covers

Losses can affect more than one tax year, while property summaries preserve figures already sent for a particular period. Treat both as review-and-evidence workflows.

02

1. Review losses brought forward

Open Losses in Filing and check each amount, source, and tax year. Compare it with prior returns or accountant records before changing an amount held by HMRC.

Open Filing
03

2. Check loss claims and their order

Review the type of claim and the years it affects. Where claims can be ordered, confirm that the sequence reflects how the losses should be used before finalising the year.

Manage losses
04

3. Open a submitted property period

Choose the UK property business and a recent submission in the Property period summary viewer. Check the period dates, rent income, premiums, expenses, and other property income returned by HMRC.

Review property submissions
05

4. Keep changes traceable

Use submission history and supporting records to explain any difference between a property period, the current cashbook, and year-end totals. Do not overwrite a prior figure simply to make totals match.

Read submission history
06

Before you move on

  • Loss amounts and source years match prior records
  • Loss claim types and ordering have been checked
  • The correct property business and submitted period were reviewed
  • Differences remain supported by an audit trail
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