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KB Home / Tax Return Production / How do I complete a CT600 for a property company? (Practice users)

How do I complete a CT600 for a property company? (Practice users)

Article ID: 915
Last updated: 03 Aug, 2020

To complete a CT600 for a property company, follow these steps:

  1. Open the client in Practice Manager.
  2. Go to Company Information.
  3. Tick Company is a Property Business (formerly schedule A taxation).
  4. Create or open the CT600.
  5. Go to Company Type (SimpleStep mode) or Information (HMRC Forms mode).
  6. Tick the box labelled Should the company be taxed as a Property Business (formerly Schedule A)?.
  7. Open the Tax Adjusted Profit/(Loss) worksheet.
  8. Enter the information to appear on the computations – such as profit, disallowable expenses, wear and tear.
  9. Complete Capital Allowances and a Property Losses Record (if applicable).
  10. Select View iXBRL Tax Computation from the left-hand menu to preview the computations.

Article ID: 915
Last updated: 03 Aug, 2020
Revision: 4
Views: 2558
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Also listed in
folder Tax Return Production -> CT600 Corporation Tax Return

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