New
over 1 year ago

Sage Taxation- missing from the Calculation appendix

Where there is rental income and restricted finance costs, the appendix showing the amount of finance cost to be relieved is incomplete.

The restricted finance cost is the lower of 

Adjusted total income

Adjusted profit

Current year relievable amount.

Your appendix has the workings for item 1 and 3 above, but misses the calculation for item 2.  I am sure it cannot be too difficult to add the softwares workings to the appendix which proves the final result figure given in the end.

  • Hi Steve,

    Thank you for taking the time to submit this idea.

    The information you have requested should be visible via the Property schedule as opposed to the Calculation appendix.

    Please let me know if this solves this query or whether this is still an open idea for us to look into further?

    Kind regards

    Dianna Hindle

    Sage Compliance Expert (UK & Ireland)