New
over 1 year ago

Jointly owned property

It would be useful to enter total details for jointly owned property held by individuals on the program in the same way as for joint bank interest

  • To explain this a little (lot) better, when ‘held jointly is selected within the Interest data entry screen, an option appears which asks ‘Held jointly with another Personal Tax client’ which once selected prevents duplication of entering data for the bank interest by splitting the total gross interest between the relevant individuals.

     

    No such follow on option is available within the Lettings data entry screens when the ‘Property let jointly’ option is selected – I appreciate the property joint ownership question is directly asked by the Tax Return whereas the bank interest one is simply a convenience but it would be useful to have similar functionality in the Lettings section, particularly as many joint lettings are between spouses and therefore there is duplication of effort entering the details into the respective individual records.