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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 8056/8270

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 8056/8270

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 3001 8270

Resolution

tax
tax
Tax

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

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

5. Read this KB on the rest of the checklist: go through all the steps

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