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PTP TP - Clogged Losses

Article ID
kba-03179
Article Name
PTP TP - Clogged Losses
Created Date
13th March 2013
Product
Problem
Does PTP Tax Platform deal with clogged losses?
Resolution

The Tax Platform software does not deal with clogged losses. Any disposals resulting in a loss would be offset against gains automatically.  If this is not appropriate, delete the disposal and make a separate note in the white space with the details and an explanation of why it cannot be utilised.

If the loss can be offset in the future, the figure for losses brought forward will need to be manually edited at that time to include the clogged loss amount.  This is done via the Access to Details screen in the box ‘Losses B/Fwd 96/97 and later’.

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