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This article applies to:

  • Product: Digita Corporation Tax

Enter Capital Gains disposals in Corporation Tax

  1. Select
    Accounts
    , then
    Chargeable gains
    .
  2. Select the
    Gain/Loss
     tab.
    Example
    Shows the Asset Disposal for Chargeable Period window, with the Gain/Loss tab active. There are three tables: Disposal, Acquisition, and Gain/Loss. The Disposal table shows entries in the Date and Amount boxes for the Disposal proceeds row. The Acquisition table shows entries in the Date and Amount boxes for the Acquisition cost row. The Gain/Loss table shows these two amounts as part of Net proceeds and Total acquisition costs and calculates the Chargeable gain/(loss) for the period.
  3. Enter details of the disposal proceeds.
  4. Enter details of the initial acquisition including dates and cost.
  5. If you need to include more details about the acquisition, add them on the
    Enhancements
     tab, including dates.
  6. Select the
    Acquisition
     tab and enter the costs of acquisition.
  7. Select the
    Disposal
     costs tab and enter the costs of the disposal.
  8. The total of the Capital Gains will be transferred to
    Income/(Deficits) Not Assessed as Trading Income
    .
  9. If the gain or loss is included in the profit/loss before tax, then you can also adjust for it in this schedule by manually entering the amount in the
    Profit/(loss) from sale of assets
     row.
    note
    This box pulls through information from the
    Capital Allowances
     schedule, so you may need to add or deduct from the figure here. A profit would be entered as a positive figure and a loss would be entered as a negative figure.