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3023 articles

personal-tax-trade-loss-to-offset-income-but-not-giving-100-relief-on-tax-comp-its-being-capped

Personal Tax- Trade loss to offset income but not giving 100% relief on Tax comp (Capped/Restricted £50,000)

If you have Overlap relief in the Period reform - read the very bottom rule. For Example: In the current year you have £100,000 Sole…

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Posted: 27th January 2023
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personal-tax-sa109-unremitted-income-and-gains-under-2000-or-error-3001-8573-nrd29-23-1-and-23-2-etc

Personal Tax- SA109 Unremitted income and gains under £2000 OR error 3001 8573 NRD29 23.1 and 23.2 etc

1.Load the client in PT and correct year. 2. Reliefs, Misc, Resident Questionnaire 3. Remittance Basis TAB , and the Claiming remittance basis box has…

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Posted: 24th January 2023
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personal-tax-3001-6599-6133-for4c-and-for4b-or-similar

Personal Tax- 3001 6599/6133 FOR4C and FOR4B or similar

You may have a foreign entry which is just over/under £1, income is rounded down to the nearest pound and tax is rounded up to…

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Posted: 24th January 2023
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personal-tax-residence-question-remittance-basis-charge-claim

Personal Tax- Residence Question Remittance Basis Charge claim?

When can I declare the Remittance Basis under the Resident Questionnaire. Load Client and go to Reliefs, Misc, Resident Questionnaire, Remittance Basis tab and select…

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Posted: 23rd January 2023
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personal-tax-sa107-trust-income-chargeable-on-settlors

Personal Tax- SA107 Trust Income chargeable on Settlors

You need to populate SA107 Trust Income chargeable on Settlors on page T1 (boxes 13 and 14). Open the client in PT and select correct…

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Posted: 23rd January 2023
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personal-tax-invalid-number-of-full-partnership-schedules-sa104f-mtr

Personal Tax- Invalid Number of Full Partnership Schedules. SA104F MTR and NIC2

HMRC rule: You can ONLY have a maximum number of 50 Partnerships/LLPs set up. The example above has 53 FULL Partnership SA104F pages which is…

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Posted: 23rd January 2023
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personal-tax-entry-in-box-sa105-loss-set-off-against-total-income-should-not-be-present-pro20-2

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

These errors are linked to UK and Foreign Property entries. You may get several different type of warnings - examples below, please follow the fixes:…

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Posted: 19th January 2023
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kba-03829

PTP TR – Error 3021 Either BOF or EOF is True or the current record has been deleted where the Proc = Gval

Exe = PlatformVersion = 22.3.136form = PLATFORM.BASproc = GvalEL = 27540EC = 3021Msg = Either BOF or EOF is True or the current record has been…

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Posted: 19th January 2023
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personal-tax-property-loss-capital-allowance-use-against-other-income

Personal Tax- Property loss (capital allowance) use against Other Income + Offset against Total income

Property losses cannot be offset against other income unless the losses have been created by capital allowances. Property losses can only be offset against other…

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Posted: 18th January 2023
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trust-tax-fill-in-box-21-r185-dividend-taxed-at-non-payable-10

Trust Tax- Fill in box 21 R185, Dividend taxed at non payable 10%

This affects certain Trust types like Estates in administration. Users must first enter the income etc into Capital assets, shareholdings and Dividends which could lead…

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Posted: 17th January 2023
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