Partnership profit/(loss) (SA900)

This screen is accessed via the data input tab within the tax return.

Partnership details

  • ‘Partnership name’
  • ‘Partnership reference number’
  • ‘Partnership trade or profession’
  • ‘Date joined’
  • ‘Date left’

Share of trading income

  • ‘Basis period starts’
  • ‘Basis period ends’
  • ‘Share of profit /(loss)’
  • ‘Adjustments to arrive at profit /(loss) for basis period’

Overlap relief

  • ‘Overlap profits brought forward’
  • ‘Overlap profits arising this year’
  • ‘Overlap relief used this year’
  • ‘Overlap profits to carry forward’

Profits and losses

  • ‘Adjustment for farm and literary averaging’
  • ‘Net profit/(loss)
  • ‘Losses brought forward’
  • ‘Loss b/fwd used’
  • ‘Loss used against other income’
  • ‘Loss carried back to earlier years’
  • ‘Total loss to carry forward’

Taxable profits

  • ‘Taxable profit for year’
  • ‘Additional amounts not included in accounts’
  • ‘Total taxable profits’

Investment income

  • ‘Is investment income from this partnership included elsewhere?’
  • ‘Share of losses on partnership investments’

Additional text note for 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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