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To access this screen select Data Entry | Calculation | Income. Select the Tonnage Tax and Chargeable Gains tab and click Non Trading to the right of box 195. (For periods starting before 01April 2015, box 12).
Enter non trading gains on intangible fixed assets created on or after 01/04/02. The value entered here will appear in box 195 on the CT600.
When a client is first used in Business Tax the user must enter any losses brought forward in this field. In future years, Business Tax completes this field when a Bring Forward is run. The amount brought forward is added to any excess losses incurred in the period and utilised against total profits (box 265).
Business Tax automatically calculates the maximum amount of loss that can be utilised.
Enter any non-trading losses on intangible fixed assets incurred in this period.
Select Data Entry | Groups and Consortium (CT600C) and complete the Surrender as Group Relief tab. Business Tax checks to ensure the amount is valid. The amount entered in the Non-trading losses on intangible fixed assets field of the Allocation table will be copied to this field.
Business Tax automatically calculates the maximum amount of loss that can be utilised. To restrict the amount used select Restrict and amend the utilised field.
Excess losses carried forward are calculated automatically and cannot be overwritten.