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Ali Abbas SORTACC AND CO

CT600 Property Business Income

SUGGESTED
Posted By

Hi All,

I am new to this platform and was doing a set of accounts and CT600 for a client. 

My question is too specific perhaps but any assistance would be much appreciated.

It's a property business and i wish to fill in the relevant property business boxes. How do i fill in box 190 (Income from Property business) via SAGE Corporation Tax? When clicked on UK Property Business, it only has the total Profit/(Loss) per accounts box but not the one mentioned above.

How do i fill it in please?

Thank you

Ali

  • 0

    Hi Ali, 

    Thank you for using Sage City

    Has the Company been set up as a UK Property?

    If it has when you populated the profit and loss page, you can allocate the profit to UK property Trade (this will populate box 190)

     

    If UK property trade has not been set up you can either

    • add a UK property trade by going to Business Activity and clicking Add, after this you will be able to allocate the profits in the P+L
    • set the company up again as a UK trade

     

    If this has helped, please click the ellipsis ..., and Verify Answer.

    Regards,
    Amelia
    Sage UKI 

  • 0 in reply to Amelia F

    Hi Amelia

    Thank you so much for your prompt response.

    I am unsure how to set up the Company as Property Company? To set up this company I created a new client, and just filled in all the boxes. I did not see a question that said if this is a property company.

    Kindly advise how to setup please?

    Thank you

    Ali

  • 0 in reply to Ali Abbas SORTACC AND CO

    Hi Ali, 

    Thank you for your response. 

    When you set up a client you will be met with three screens the second screen (business activities) is where you can change the type of activity (trade) this list will drop down - UK Property business is one of the options

     

    If this has helped, please click the ellipsis ..., and Verify Answer.

    Regards,
    Amelia
    Sage UKI 

  • 0 in reply to Amelia F

    Hi Amelia

    Thank you for your response.

    The above screens looks different to what I am seeing in SAGE Cloud -Final Accounts when creating a new Client. We are met with 4 screens 1) Basic Details 2) Basic Details (Continued) 3)  Client Address 4) Compliance Details. It then just puts all the Information in SAGE Clouds - Corporation Tax automatically.

    Is there any section in SAGE Cloud - Final Accounts to put the Trade details?

    Also, another questions, How do we put the principal business activity of the company in the Director's report. Is there any box where we can put this?

    Apologies and thank you for your time and help.

    Kind regards

    Ali

  • 0 in reply to Ali Abbas SORTACC AND CO
    SUGGESTED

    Hi Ali,

    Apologies the answer provided is for the Desktop software of Sage Corporation Tax. 

    When creating a set of accounts in Sage Final Accounts Online, there is no need to enter the trade, these tabs will appear in Sage Corporation tax Online.

    Please find a link to an article explaining how to include a Principal Activity in Sage Final Accounts Online here.

    Within Sage Corporation Tax Online, there will be a tab on the left called UK Property Business, if a profit is entered into the Profit/(loss) per accounts it will populate box 190. 

    You may find our Help centres to be a great source for our online products you can find them :

    Sage Final Accounts Online

    Sage Corporation Tax Online 

    If this has helped, please click Verify Answer.

    Regards,
    Amelia
    Sage UKI 

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