CCH Corporation Tax
Other Deductions - Charitable
You can use this to claim relief for qualifying Charitable Donations paid, e.g. Gift Aid payments.
Topic results Losses
CCH Personal Tax
Losses on Deeply Discounted Securities
The document outlines the criteria for recognizing deeply discounted securities, specifying that such securities must have a discount exceeding 15% of the redemption price or 0.5% annually related to the bond's life. It also details a procedural guide for reporting losses on these securities, including steps to access the appropriate section, select a fund type, describe the loss, and input transaction details before saving the information.
CCH Personal Tax
Losses brought forward
This document outlines the procedures for managing capital losses in tax reporting, highlighting the functionalities available for bringing forward unused losses, clogged losses, and non-resident capital gains tax (CGT) losses. It provides detailed instructions for adding, editing, and deleting connected persons related to capital gains and explains the applications of Rollover and Holdover Relief, including how to claim these reliefs. It emphasizes the importance of accuracy in data entry and includes steps to override incorrect calculations. Visual aids, such as screenshots, support the instructions for clarity.
CCH Personal Tax
Carried interest & losses offset
The document discusses Carried Interest, a profit share for investment managers introduced in 2017 Tax returns, specifically for private equity and hedge funds, taxed at 28% under Capital Gains Tax (CGT). It highlights the process for entering Carried Interest gains in tax returns and the interaction with losses and annual exemptions. Changes to data entry fields and their implications are noted, including how losses can be allocated against Carried Interest gains. The document includes visual aids to clarify data entry schedules and allocation processes.