Property Letting Company Computation

Article ID

ias-10388

Article Name

Created Date

5th April 2012

Product

IRIS Business Tax

Problem

If a company has Schedule A income only, how can the Schedule D section of the computation be suppressed?

Resolution

There is a functionality within Business tax to change the schedule DI income to schedule A income. Users are required to: 1. Log on to IRIS Business tax and select the client. 2. Client | View | From the sub type drop down menu select “Property letting company” | Save | Close. 3. The computation and CT600 will now show the trading profits as UK Land and Building.

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