Ltd Co client only income being rental.
Tax calc does not appear to cater for such companies has anybody any recommendations for
software that prepares the ixbrl cal.etc
Using VT for accounts production and I cannot see how to incorporate my tax comp
into ixbrl accounts other than slotting on to bottom of P&L account and entering net figure into
Taxcalc
Thank you for any advice.
Replies (5)
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Check with Taxcalc
I am surprised that a commercial (paid for) CT600 product lacks such a basic function - filing a CT return for rental income company. I am aware that using HMRC's own interactive on line CT600 .pdf HMRC say that it shouldn't be used for rental income companies (no reason given, maybe for furnished lettings it was too difficult for HMRC's software partners to account for 10% wear and tear furnished lettings deduction, just as they couldn't program in the tax-free online filing incentive?).
So, I would suggest that TaxCalc support be contacted, and seek a solution from TaxCalc - if Taxcalc can't cope then let us know here - it is the first instance I've heard of a commercial CT600 product having such a basic failing.
TaxCalc and Property Companies
Hi tonyh,
I have just sent you a PM, but for the benefit of anyone else reading this it is best to contact the TaxCalc Support team to discuss any specific scenarios and how to achieve the desired outcome within the software.
Please contact me if you require any further assistance.
Kind Regards
Alex John