Personal Tax- UK property SA108 tax on gains Box 9 already charged. 3001 8392 CGT10 present CGT9 present
Article ID
personal-tax-uk-property-sa108-tax-on-gains-box-9-already-charged-3001-8392-cgt10-present-cgt9-present
Article Name
Personal Tax- UK property SA108 tax on gains Box 9 already charged. 3001 8392 CGT10 present CGT9 present
Created Date
4th November 2022
Product
Problem
IRIS Personal Tax- Validation SA108 tax on gains Box 9 already charged. 3001 8392 CGT10 present CT9 present
Resolution
1.Dividends and Capitals assets- check Assets and OCG for any asset disposals in the affected year- open the disposal and check if there is a entry for Tax on gain already charged:
2. Run the Capital gains comp – is the asset showing any GAIN or LOSS. If there is no gain or loss and shows a 0 then run the Draft tax return. Go page CG1 and look at Box 10, the tax charge value will show. There must be a LOSS or GAIN value in Box 9 (You cannot have tax on gains if there are no gains/loss). This submission will rejected by HMRC if nothing shows in box 9 and you have a entry in Box 10.
3. Dividends and Capitals assets- check Assets and OCG for any asset disposals in the affected year- open the disposal and reduce OR remove the Tax already charged entry.
4. If you remove the tax charged entry – add it under Dividends and Capitals assets, Edit, Losses and other Info and Additional information.
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