Income from UK land and buildings (override) (CT600)

Property income, expenses and capital allowances should be entered via Property Income from the Data Input tab. Use this screen to override the property income that is to be deducted from trading profits.

  • Amount to deduct/(add) (calculated from Property Income screen)’ This field shows the adjustment to be made to the accounting profit to remove property income from the accounts.
  • Override the amount?’ Tick this box to override the amount being deducted from the accounts.
  • Amount of profit or (loss) taxable as property income‘ Enter the amount to be deducted (or added) to the accounts to reflect the profits (or losses) from property income. Enter losses as a negative figure.

Click Save changes to update the figures to the adjustments to trade profit tab.