Chargeable gains

This section is accessed via the data input within the tax return and allows the input of disposals and calculation of chargeable gains for the accounting period. There are two tabs in this section:

  • Summary of chargeable gains
  • Disposals

Summary of Chargeable Gains

  • Gross gains in period‘ This field shows the gross gains calculated from the disposals entered.
  • ‘Losses in period‘ This field shows any losses calculated from the disposals entered.
  • Capital losses brought forward‘ Enter any capital losses to be brought forward.
  • ‘Loss used in period‘ Taxfiler will calculate and show the total value of current period and brought forward losses that are allocated against gains in the period.
  • Net gains after losses’ This field will show the net gains after any losses have been set off.
  • Capital losses carried forward‘ This field will show any losses that will be carried forward to the next accounting period.

Disposals

The disposals tab is where you add and edit details of disposals in the accounting period.

  • To add details of a disposal, click + Add disposal , a new window will open which needs to be completed. See editing a disposal.
  • To edit a disposal: click on its description. See editing a disposal.
  • To delete a disposal: click on its description to edit it, then click Delete disposal.

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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