Personal Tax- Entry in box SA105 loss set off against total income should not be present PRO20.2 OR Furnished holiday let balance charge EEA absent £150000 if PRO20.2
Article ID
personal-tax-entry-in-box-sa105-loss-set-off-against-total-income-should-not-be-present-pro20-2
Article Name
Personal Tax- Entry in box SA105 loss set off against total income should not be present PRO20.2 OR Furnished holiday let balance charge EEA absent £150000 if PRO20.2
Created Date
19th January 2023
Product
Problem
IRIS Personal Tax- 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
Resolution
This is linked to Property entries:
1.Go to UK Land and Property | UK Property Income
2. Select 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 cant enter tax paid to a property which is making a loss
2. Check if the property has negative expenses, if so remove and enter as other income
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
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