PTP TP - Clogged Losses

Article ID

kba-03179

Article Name

Created Date

13th March 2013

Product

Problem

Does PTP Tax Platform deal with clogged losses?

Resolution

PTP Tax Platform software does not deal with clogged losses. Any disposals resulting in a loss would be offset against gains automatically. If this is not appropriate, delete the disposal and make a separate note in the white space with the details and an explanation of why it cannot be utilised.

If the loss can be offset in the future, the figure for losses brought forward will need to be manually edited at that time to include the clogged loss amount. This is done via the Access to Details screen in the box ‘Losses B/Fwd 96/97 and later’.

Thank you for your feedback.

Was this useful?

Yes No

We are sorry you did not find this KB article helpful. Please use the box below to let us know how we can improve it.

Escalate to Support?

First Name *

Last Name *

Company Name *

Email Address *

Phone Number *

IRIS Feedback *

For information on how we manage your data please view our privacy policy