Knowledge Base - SA100 Individual Return

SA100 Individual Return

	Does TaxCalc calculate Private Residence Relief on Capital Gains Tax? TaxCalc doesn't calculate Private Residence Relief (PRR) on Capital Gains Tax. You will have to do this manually. You can use the HMRC helpsheet on PRR (from page 6) and the HMRC website to help you with these calculations. If you have any queries on Capital Gains Tax and PRR call the HMRC...
	25 Feb, 2015 Views: 3918

	How do I restrict the use of the losses carried forward? You can't restrict the use of losses that have been carried forward from a previous year as they must be used against the first available profits. This means that you can't reduce the amount of the loss to use up the personal allowance first. HMRC states that the losses should be deducted from...
	25 Feb, 2015 Views: 3812

	Class 4 National Insurance Contributions maximum charge when Class 1 contributions are also paid What is meant by 'maximum charge' HMRC's annual Class 4 National Insurance Contribution (NIC) maximum is the device that limits the amount of Class 4 NICs payable in a tax year in addition to any Class 1 and 2 NICs payable. This means that an individual who is both employed and self-employed...
	14 Feb, 2023 Views: 3743

	How do I write off small pools in the Capital Allowances grid? To write off small pools (with a balance of less than £1,000) and claim the allowance, first open the Capital Allowances grid. SimpleStep mode SA100 – Your Work > Self Employment > Short/Full Form – Details > Capital Allowances SA800 – Trades or professions for (XXX) >...
	17 Sep, 2024 Views: 3712

	Claiming Married Couples Allowance Married Couples Allowance (MCA) is an age related allowance applicable if at least one spouse is born before 6th April 1935. It could reduce your tax bill by between £353 and £912.50 a year. You can claim Married Couple’s Allowance if all of the following criteria apply: you’re...
	28 Mar, 2022 Views: 3699

	HMRC API - Available Tax Years The HMRC API can be used with the following years. Note if a submission has already been made, this will not return any data 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 The following years are available but may NOT return relevant data as HMRC are currently conducting...
	25 Mar, 2025 Views: 3581

	How do I claim reinvestment relief for SEIS shares? For comprehensive information on the Seed Enterprise Investment Scheme (SEIS), including when you can claim relief, read HMRC guidance: Seed Enterprise Investment Scheme – Income Tax and Capital Gains Tax reliefs. To claim reinvestment relief for SEIS shares you'll need to complete the claim...
	07 Jun, 2023 Views: 3345

	How much tax will I need to pay in January? The information you provide within the SA302 calculation will determine how much tax is due. This calculation will then apply any tax already deducted and leave you with a balancing payment (if there's any tax outstanding) or a repayment due (if you've overpaid in tax). If your total tax bill is...
	25 Mar, 2025 Views: 3167

	Why can't I print PDF attachments? TaxCalc can only print PDFs created using versions 1.4 to 1.7. To check the version of your PDF, complete the following steps: Open the PDF document. Click on File in the left-hand corner. Click on Properties. Check the version number in the pop-up window. If you can't print the PDF,...
	17 Feb, 2021 Views: 3091

	Capital Gains Tax (CGT) on HMRC Forms Please see the following instructions on how to complete the Capital Gains Tax (CGT) pages on HMRC Forms Go to Capital Gains > Do you want to complete the Capital Gains page? ‘Yes’ > Do you wish to use Forms Mode? ‘Yes’ HMRC Forms mode is a form filling exercise where you...
	04 Apr, 2023 Views: 2846

	Restricted Finance Costs from Property Income Restricted Finance Costs from Property Income From 6 April 2017, new rules were introduced to restrict deductions from property income for finance costs for residential properties for individuals . The measure was introduced is to restrict relief for finance costs to the basic rate of income tax...
	29 Mar, 2022 Views: 2783

	How do I fix problems with print preview in TaxCalc? If you're having problems with print preview, follow these steps to reinstall Adobe Acrobat Reader: Uninstall the program: Start > Control Panel > Uninstall a program Uninstall any instances of Adobe Reader Reboot your PC. Go to the Adobe website for the latest version of...
	13 Mar, 2017 Views: 2737

	When do I make payments on account? You'll usually have to make two payments on account for the current year's tax: One by 31 January in the current year. One by the following 31 July. Each payment is half of the tax due for the previous year. For example, for the tax year 2024-25 (6 April 2024 to 5 April 2025), the first...
	25 Mar, 2025 Views: 2697

	Which box does my mileage figure post to in the wizard? There are two possible sections in TaxCalc where you can enter the mileage figure. SimpleStep mode: Your Work > Employment > Fringe Benefits > Vouchers, credit cards and excess mileage allowance > Mileage Wizard. OR Your Work > Expenses > Business travel and subsistence...
	06 Jun, 2023 Views: 2692

	How do I carry back partnership losses? To carry back a partnership loss for the current year to a previous year, you need to make a manual adjustment to your SA100 tax return for the year in which the loss occurred. You don't need to re-submit your return for the previous year and this cannot be done via the SA800 tax return. To...
	01 Aug, 2022 Views: 2691