How To
Freezing of indexation allowance for Companies
CCH Trust Accounts
A client can be designated as a company by selecting Edit Client > Details and ticking Company for CGT purposes. The CGT calculation for companies allows indexation on the cost of assets disposed, but this was ended at 31/12/2017. This release allows for the freezing of indexation:
- No indexation will be calculated when there is an operative event on chargeable assets acquired after 31 December 2017.
- For assets acquired before 1 January 2018, indexation based on the RPI for December 2017 will be calculated at the date of the first operative event for an asset after 31 December 2017.
- The change only applies to types of shares that are held by companies where gains are reduced by indexation.
Related documents
Linking to clients in CCH Central
This document provides instructions on how to link and unlink clients from CCH Central in the CCH Trust Accounts system. To link a client, the user must select the client, click "Edit," then "Link," and choose the appropriate client from Central. Once linked, certain fields become non-editable in Trust Accounts. To unlink a client, the user clicks the "Unlink" button, which restores editability but deletes any accounting periods in Central. Key fields updated from Central include client name, address, and contact details.
Database Parameters
Various features in Trust Accounts are optional. To set up many of these, from the Activities menu select System Management, and then Database Parameters.
Data Parameters
Various features in Trust Accounts are optional. To set up many of these, from the Activities menu select System Management, and then Database Parameters.
Database Parameters
Database Parameters
Passwords
Passwords