I am living in a self-occupied house. How do I show loss from house property?



I have no rental income.
What is the proof required to be attached if I need to show loss from house property?
Basically, how do I arrive at a figure and how do I prove the figure is correct?

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2 Replies to “I am living in a self-occupied house. How do I show loss from house property?”

  1. you need completion statement form original purchase and possibly final sale plus receipts fro all improvement works done on the property.

    these can then be done as a straight subtraction if short period has elapsed or index linked if it was purchased a long time ago.

    we bought our home for 225k in 2004 and hope to sell it for 210k this year but a straight sum shows a 15k loss but indexing the may 2004 figure by 0.167 = 225,000*0.167 = 37,575

    therefore indexed loss to 2004 purchase date = 52,575






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