Overseas property
The Overseas property page becomes active if Overseas property business is selected at Business activities.
Overseas property has three tabs:
Commencement date | This is populated from the information entered at Business activities. The date can be amended here, and any such amendment will adjust Commencement date at Business activities. |
Cessation date | This field is populated from information entered at Business activities. The date can be amended here, and any such amendment will adjust Cessation date at Business activities. |
Profit (loss) on ordinary activities before taxation | This figure is that amount of the company’s profit or loss allocated to Overseas property business at Profit and loss, and can only be amended from Profit and loss. |
Prior year adjustment allowable | Use this box to enter any adjustment to the current profit or loss figure required as a consequence of an adjustment for an earlier period. |
Adjustments from P&l | This figure shows the Profit and loss adjustments allocated to Overseas property business. Click the figure to open the calculation of the amount. You can only amend this figure by adjusting the allocation on Profit and loss. |
Other adjustments | Enter here any adjustments not included at Profit and loss. Click the figure to open Other adjustment detail and click Add to enter the description and amount of any required adjustment. |
Adjusted profit/(loss) | This amount is the Profit/(loss) on ordinary activities before taxation figure, adjusted for any Prior year adjustment allowable, Adjustments from P&l, and Other adjustments. |
Add/deduct period specific adjustments | Click the figure for an analysis of any period-specific adjustments |
Adjusted profit/(loss) before capital allowances | Shows the adjusted profit or loss before after any period-specific adjustments. |
Net (capital allowances)/charge | Shows the total figure from the Capital Allowances tab. |
Adjusted profit/(loss) before loss b/f | Shows the profit or loss after adjustment for capital allowances. |
Adjusted profit | Shows the profit figure after taking into account any brought forward losses, shown on the Losses tab. |
Adjusted loss | Shows the loss figure after taking into account any brought forward losses, shown on the Losses tab. |
The Capital Allowances tab summarises the capital allowances claimed in respect of those assets identified on Fixed asset register as relating to Overseas property business.
Click Assets to see all assets identified as relating to Overseas property business.
Click any of the Allowances or Charges values to see those assets belonging to the chosen pool or asset type.
The only figures that you can amend on this tab are those relating to cars which are not included in either the main rate or special rate assets pool.
Losses this period
Use this tab to identify any Overseas property business losses:
- foregone
- relieved in this period
- surrendered as group relief
Losses b/f
Use this tab to identify any Overseas property business losses:
- brought forward
- foregone
- no longer available
- extinguished on cessation
How do I get here?
Overseas activity > Overseas property