Annual payments made out of capital (SA900)

This screen is accessed via the data input tab within the tax return and is used if the trustees have received enhanced stock dividends and made compensatory payment out of capital to beneficiaries. This information populates boxes in section 11 on page 6 of the SA900 return.

Data is entered via a grid, a new line is available once the previous line is entered.

  • Description’ Enter a brief description, this is not shown on the tax return
  • Amount of payment‘ enter the amount paid after tax has been deducted
  • Tax taken off’ enter the amount of tax that was deducted.
  • Total’ Taxfiler shows the sum of the amounts entered.

To remove a line from the grid, click on the ‘trash can’ icon at the end of the line

Using income losses against capital gains

Firstly, please ensure that you are making the best use of the losses before proceeding. Select the Capital gains tab from the data input screen Click on the Disposals tab, and enter the relevant information Click on the Capital Losses tab, and enter the amount of loss that you wish to set off against the […]

Read More

Restricting access to clients

This feature is only available for multiuser accounts, it has been designed so that you can restrict user access for certain clients if required. Users with “edit client access” rights AND who have access to a client can assign or remove access rights via the Access tab on the client screen. The default is that […]

Read More

User restrictions within Taxfiler

This function is only available for a multiuser license. Some functions within Taxfiler can be restricted from a user. From the SETTINGS icon select Users and select the user that you wish to edit Select Restrictions tab You will be presented with several functions which can be selected or removed via a tick box. For […]

Read More