Topic results Book Values

CCH CGT And Dividend Scheduling
Opening Book Values
The document outlines the procedure for entering the opening book cost for securities, which is crucial for calculating profit and loss on the Investment Schedule. It highlights the distinction between book cost and Capital Gains Tax (CGT) cost, emphasizing that shares share an average cost. The “Opening Book Values Window” provides specific fields for users to input the security code and total book value cost, along with guidance on how to look up security codes if needed.
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CCH Corporation Tax
Net Book Values
This document outlines the process for calculating qualifying fixed assets and deferred tax charges based on differences between Net Book Value (NBV) and Tax Written Down Value (WDV). The NBV is automatically populated from the Tangible Fixed Asset Summary, while non-qualifying assets are deducted from the totals. Manual entries are needed for qualifying intangible and other fixed assets. The deferred tax charge calculation accommodates entries for current and previous years, allowing adjustments for timing differences and rounding, with relevant tax rates inputted as necessary.
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