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SA108: How to claim for brought forward losses
If you have b/f losses of £10,000 and you have gains of £12,300 and £2500, you would claim for the losses by following the instructions below: 1. Select the pencil icon for an entry 2. Select 'Yes' to the question regarding BOX 45, then enter the ...
SA108: How do I carry losses forward to future years?
1. Once you're on the 'Capital Gains (SA108)' page, click 'EDIT' 2. Click on 'LOSSES AVAILABLE TO BE CARRIED FORWARD TO LATER YEARS (BOX47)' and fill in the box. Following this, click 'SAVE' at the bottom.
SA108: Do I pay tax on exchanging foreign currency?
You should ask yourself, what was the main purpose for making the currency change? Scenario 1 You were going on holiday or visiting another country and you changed some money into their local currency. When travelling back home, the exchange rates ...
SA108: How do I copy my 'Capital Gains (SA108)' entries to another user?
1. Once you're on the 'Capital Gains (SA108)' page, click on 'COPY TO' 2. Fill in the following entries and then click 'COPY'
SA108 : How do I record residential property gain (and carried interest)?
1. Click '+ NEW PAGE' located on the left hand side of the screen, then select 'Capital Gains (SA108)' 2. Fill in the boxes provided if they're applicable to you, then click 'SAVE' 3. Click on '+ GAIN' 4. Click on 'Residential Property (and carried ...
How to add information into Box 54 in Capital Gains SA108
How to add information into Box 54 in Capital Gains SA108 1. Whilst under the 'Capital Gains (SA108)' tab, click 'EDIT' 2. Fill in the 'ADDITIONAL INFORMATION (BOX 54)' with whatever you require 3. Click 'SAVE' 4. Click on REPORT 5. Click on ...
SA108: What expenses can I claim when selling a property?
What expenses can I claim when I sell a property? You can claim the capital expenses you have incurred during the ownership of the property. The capital gains computation would look like: Proceeds X Less Incidental costs on sale: Estate agent fees X ...
SA108: How to add EIS/SEIS loss relief
1. Click '+ NEW PAGE' and then select 'Capital Gains (SA108)' from the list of sources of income 2. Click '+ GAIN' and then select 'Unlisted shares and securities' from the drop-down list of categories. 3. Under the 'SALE' tab, enter the price you ...
SA108 : I have more than 13 Capital Gains Transactions, how do I enter them on my return?
I have lots of Capital Gains transactions and it won’t let me add anymore, how do I fix this? The maximum number of entries allowed on this page is 13 due to HMRC restrictions on filing. If you have more than 13 trades during the tax year, you should ...
SA108 : How do I record Capital Gains Income?
Click on ADD NEW PAGE on the left of the screen Select Capital Gains Enter the NAME Click Save To begin recording the Income, Select ADD GAIN Choose a Category from the drop down list Enter the SALE DETAILS Enter the PURCHASE DETAILS Enter any ...
SA108 : How do I record Losses Carried Forward on Capital Gains?
Click on the Capital Gains Page Click on EDIT Enter the AMOUNT Click Save
SA108 : How can I add the Capital Gains Page?
Click on ADD NEW PAGE and select CAPITAL GAINS Enter the NAME and click SAVE
SA108 : How do I record property gain (NOT residential property) ?
Click on the CAPITAL GAINS PAGE & ADD GAIN Choose the category Property and Other Assets from the drop down list and enter the SALE details Enter the PURCHASE DETAILS Enter any RELIEFS that may apply View the CALCULATION Click SAVE
SA108 : How do I record a gain in Shares?
Click on the Capital Gains Page & ADD GAIN Choose the Category Listed Shares and Securities from the drop down list and complete ALL the tabbed pages Click SAVE
SA108 : Can I set off income losses against Gains?
Put the amount of any allowable trading losses that you want to set against chargeable gains in box 16. This should be the lower of: • the total losses you can claim • the amount required (after setting off capital losses for the year) to reduce the ...
Recent Articles
SA103s Box 22: How do I populate Box 22 to show the Net Loss?
If you have made a Loss, box 22 gets populated automatically based on the entries in boxes 9 to 19. To show self employed income and expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW ...
SA103s Box 21: How do I populate Box 21 to show the Net profit?
If you have made a Profit, box 21 gets populated automatically based on the entries in boxes 9 to 19. To show self employed income and expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + ...
SA103s Box 20: How do I populate Box 20 to show total allowable expenses?
Box 20 gets populated automatically based on the entries in boxes 11 to 19. To show self employed expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. ...
SA103s Box 19: How do I show other allowable business expenses?
To show other allowable business expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: Click on the + ...
SA103s Box 18: How do I show phone, fax, stationery and other office costs?
To show phone, fax, stationery and other office costs, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: ...