Overseas trades

Enter information about the trade such as:

• Trade name
• Commencement date
• Cessation date
• Prior year adjustment
• Other adjustments
• Foreign tax paid

The figure of Profit/(loss) on ordinary activities before taxation, shown on this tab, can only be amended on Profit & loss.

Summarises the capital allowance claims made in respect of all assets identified in Fixed asset register as relating to this trade.

With the exception of claims in respect of certain cars, you cannot enter any figures on this tab.

To see how a particular allowance or charge has been calculated, click the relevant amount.

Losses this period

Use this tab to identify any losses:

• foregone or no longer available
• surrendered as group relief

Losses b/f

If this is the first period for the company in Sage Corporation Tax, then enter the amount of losses brought forward. Losses for subsequent periods are brought forward from the preceding period.

You should also use this tab to enter details of losses:

• foregone
• relieved against other income and gains or no longer available
• transferred in

• surplus qualifying charitable donations and any surrendered as group relief
• Losses transferred out
• Losses extinguished on cessation