Partnership Residential Finance Costs Not Being Transferred From Business Tax to Personal Tax
- Article ID
- partnership-residential-finance-costs-not-being-transferred-from-business-tax-to-personal-tax
- Article Name
- Partnership Residential Finance Costs Not Being Transferred From Business Tax to Personal Tax
- Created Date
- 5th October 2020
- Product
- IRIS Business Tax, IRIS Personal Tax
- Problem
- Partnership Residential Finance Costs Not Being Transferred From Business Tax to Personal Tax
- Resolution
-
This issue has been investigated by the Development Team and has been confirmed as a DEFECT in IRIS. Unfortunately, there is no specific date when this will be fixed. However, a workaround had been provided below.
Please could you do the following to resolve your issue: –
- Go to Personal Tax for the client
- Go to Trade, Profession or Vocation
- Sole Trade or Partnership
- Highlight and Edit (bottom half of this window) the relevant Accounting Period
- Land and Property Tab
- Manually enter the figures in the ‘Residential finance costs’ section
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