Other overseas income and gains

This section is accessed via the data input tab within the tax return and is used to input miscellaneous items for the foreign pages.

  • ‘Gains on disposals of holdings of offshore funds’ Enter the amount of the income received when disposing of the interest in an offshore fund. If the disposal should be treated as a gain rather than income then it should be entered in the Capital Gains section.Also use this field for income payments from a non-resident trust. See Helpsheet 262 Income and benefits from transfers of assets abroad and income from non-resident trusts.
  • Benefits received from a person abroad’ Enter the value of any benefits received from a person abroad.
  • Other income omitted because of exemption from transfer of assets’ Enter the sterling value of income omitted.

Additional text note for Tax Return

Enter any additional information you wish to appear in the white space of the tax return.

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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