Step One - Entering the Capital Loss

1. Open PTP Tax Platform and select the client.

2. Select the Client Tax Returns tab. Select the relevant Tax Return then click the View Tax Return option.

3. Click the Fanned Pages icon within the Capital Gains Summary section.

4. Either click View to access the existing data or click Add to enter new data.

5. Click the Access to details option to open the Capital Gains screen.

6. Click Add.

7. Enter the asset description and select the type. Enter the date of purchase and sale then enter the Cost and Proceeds.

8. Select Negligible Value and click Save.

Step Two - Setting the Capital Loss against Other Income

1. Enter the amount of loss which can be offset against other income within box 12 on page CG1.

2. Select page 2 and enter a note within box 36 stating that the client’s shares became of negligible value and that this loss is therefore being offset against the other income which occurred in the tax year.

3. When closing out of the CGT pages a message box displays.

4. Click OK and the Access to Details screen will open automatically.

5. Click Close (provided there are no further changes to be made).

Box 10, Losses available to be carried forward to later years, will update to take account of the amount being offset in box 12.