Property income section (CT600)

This section is accessed via the Data Input tab within the tax return and allows input of property income details.

The section contains 3 tabs:

• Net property income

• Capital allowances

• Property losses

Net property income per accounts

1. Enter a brief description of the property income.

2. Enter the net income per accounts.

3. Enter the net taxable income (before adjustments).

Add: amounts disallowed

1. Enter a brief description of the disallowed item.

2. Enter the amount included in the property accounts.

3. Enter the amount to disallow.

4. Select a HMRC category for the disallowable item. This category will be used to tag the value in the XBRL computation.

Other tax adjustments

1. Enter a brief description of the adjustment.

2. Enter the amount per the property accounts.

3. Enter the amount of the deduction or addition. If the adjustment is an addition, enter a negative figure.

4. Select a HMRC category for the adjustment. This category will be used to tag the value in the XBRL computation.

To delete a line from a grid, select the ‘trash can' icon at the end of the line.

Activity

1. Select the Did the qualifying activity cease in this period? option if the qualifying activity ceased in the current accounting period. This allows balancing capital allowances to be calculated correctly on asset pools.