Thank you for your feedback.

Was this useful?

Business Tax: LTD Property Letting company but unknown trade loss/gain appearing

Article ID
business-tax-ltd-property-letting-company-but-unknown-trade-loss-gain-appearing
Article Name
Business Tax: LTD Property Letting company but unknown trade loss/gain appearing
Created Date
12th August 2021
Product
Problem
IRIS Business Tax: LTD Property letting company but a unknown trade loss/gain keeps appearing
Resolution

This normally affects LTD companies which used to be Trading companies and switched to Property Letting later on OR entries were made accidently as a Trade company and when noticed it was then corrected to Property Letting.

  1. Load Client and relevant period
  2. Client, View, Type – Subtype – it should already be set to ‘Property letting’
  3. Switch it to ‘blank’. Save and ok
  1. Go to Edit, Losses and remove any trade loss values
  2. Go to Edit, Postings and remove any trade gain or loss entries
  3. Client, View, Type – Subtype – switch back to ‘Property letting’. Save and OK
  4. Check your reports.

Thank you for your feedback.

Was this useful?