Personal Tax- Expense types for UK Land and Property appear in Schedules Of Data?

Article ID

personal-tax-expense-types-for-uk-land-and-property-appear-in-schedules-of-data

Article Name

Created Date

9th May 2023

Product

Problem

IRIS Personal Tax- How do certain Expense types for UK Land and Property appear in Schedules Of Data?

Resolution

When you have multiple expense types for a UK property and you run the ‘Schedules of data’ report – these expense types are automatically placed into 6 categories and totals the expenses.

The table show how each type is placed into which category.

For example: If you have a Type 3 ‘Ground rents’ and Type 8 ‘Insurance’ they will show on the Schedules as a combined entry under ‘Rent, rate, insurance, ground rents etc’.

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