Bonus issues of securities and redeemable shares

This screen is accessed via the data input tab within the tax return. Data is entered via a grid, a new line is available each time a line is entered. Information entered here appears on the SA101 section of the tax return.

Include where a bonus issue of securities or redeemable shares is received, the amount of the distribution is: • for ‘redeemable share’, their nominal value plus any premium payable • for ‘securities’, the amount of the principal secured plus any premium payable minus any new consideration given for that issue.

  • Description’ Enter a brief description of the bonus issue of securities and redeemable shares, this does not appear on the tax return and is for memo purposes only
  • Gross distribution’ Enter the gross amount received.

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 […]

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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 […]

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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 […]

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