Enter brought forward balances for capital allowances in Corporation Tax

  1. Select
    Accounts
    ,
    Capital Allowances
    , then
    Assets
    .
  2. In the
    Capital Allowance Explorer
    , select the appropriate asset category (for example,
    General Pool
    ).
  3. Select
    New
    .
  4. Use the
    brought forward
    option in the Event column of the Asset Transactions dialog to enter the balance.
Normally, if these are entered in the first year you've set up in Corporation Tax, there will be a
brought forward
option in the Event column of the
Asset Transactions
dialog.
tip
  • If the brought forward option is not available, it's because you're entering the information in a subsequent year. You can go back to the first year and enter the information there.
  • If you have a pool with a nil value brought forward, you'll need to enter the nil value row before you can dispose of any items.