Flat conversion allowance

This grid allows entry and calculation of Flat Conversion Allowance (FCA). The allowance is not available for expenditure incurred on or after 1 April 2013.

  • Description’ Enter a brief description of the expenditure.
  • Original cost‘ Enter the original cost.
  • New expenditure‘ Enter the new expenditure.
  • Initial allowance‘ Enter the amount of the initial allowance that you wish to claim.
  • WDV b/fwd‘ Enter any written down value brought forward from an earlier period. If the tax return was rolled forward from a previous period this field will already be completed.
  • Disposal proceeds‘ If the premises were sold in the current period enter the disposal proceeds.
  • Balancing allowance/(charge)‘ Enter any balancing allowance or charge that may be applicable.
  • WDA’ Enter any Writing Down Allowance to claim on the unrelieved expenditure brought forward (based on 25% of the original cost).
  • WDV c/fwd’ Enter the written down value to carry forward to the next period.

To delete a line from the grid, click the ‘trash can’  button 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 […]

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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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