Personal Tax- SA105/SA106 loss set off against total income should not be present PRO20.2 OR Furnished holiday let balance charge EEA absent/not exceed £150,000 OR 8056/8269/8270/8526
Article ID
personal-tax-entry-in-box-sa105-loss-set-off-against-total-income-should-not-be-present-pro20-2
Article Name
Personal Tax- SA105/SA106 loss set off against total income should not be present PRO20.2 OR Furnished holiday let balance charge EEA absent/not exceed £150,000 OR 8056/8269/8270/8526
Created Date
19th January 2023
Product
Problem
IRIS Personal Tax- 3001 8506 Entry in box SA105 loss set off against total income should not be present PRO20.2 OR EEA absent £150000 if PRO20.2 OR 8270 OR 8269 OR 8526 The entry in box (PRO32) should not be present as there is no entry in (PRO20.2). Please check.
Resolution
These errors are linked to UK and Foreign Property entries. You may get several different type of warnings – examples below, please follow the fixes:
3001 8506 Entry in box SA105 loss set off against total income should not be present PRO20.2 OR Total of all instances SA105 furnished holiday let balance charge EEA absent £150000 if PRO20.2 OR 3001 8270
Error 8526 The entry in box (PRO32) should not be present as there is no entry in (PRO20.2). Please check.
This can be caused by UK property and/or Foreign property:
1.Go to UK Land and Property | UK Property Income AND also Foreign | Property income and check all property entries
2. Select and open the property at the top half of the screen
3. Tick box – Property profits have been calculated using traditional accounting rather than cash basis (If more than one property please do this for all of them). Regenerate and submit.
If that doesn’t work then make these checks:
1.You cannot enter tax paid to a property which is making a loss- remove the tax paid
2. You cannot have a property with negative expenses or negative income, if so then remove them and enter as ‘other income’ or as a normal positive expense, and then add an additional note explaining this entry.
3. If Foreign – Property Income – Edit – Tick ‘Furnished Holiday Let’ – Magnifying glass for country code – Select a country that says ‘Yes’ in EEA column
4. Round all expenses to the nearest even number
5. Read this KB on the rest of the checklist: so please go through all the steps
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