Inputting trading and property income on a CT600

Follow these steps to input trading and property income on a CT600 form:

SimpleStep: CT600 Core > Trade and professional income > Tax adjusted profit/loss-disallowable expenditure

HMRC Forms: CT600 Core > Computations > Tax adjusted profit/loss-disallowable expenditure

Both SimpleStep and HMRC Forms follow the same six steps that are outlined below:

  1. Enter the figure for Profit/(loss) on ordinary activities before taxation – this is the total of trading profit/(loss) and property profit/(loss).
  2. Enter Disallowable expenditure (Depreciation).
  3. Go to Tax adjusted profit/(loss) worksheet – other adjustments > Income from UK land and buildings.
  4. Enter Income from UK land and buildings – this is the rent received, before expenses.
  5. Enter Property income related expenses  this is the total expenses included in the profit/(loss) figure in Step 1.
  6. Enter Other capital allowances – this is any additional expenses not included in calculating the profit/(loss) figure.

Worked example

This example shows you how to complete a CT600 form using the following trading and property income figures:

Calculate and enter the following figures (see diagram):

Go to Tax adjusted profit/(loss) worksheet – other adjustments > Income from UK land and buildings and enter the following figures (see diagram):

Note: If you enter Income from UK land and buildings net of expenses (that is, as £5,000 - £2,500 = £2,500), then you don’t need to enter Property income related expenses.



Article ID: 2281
Last updated: 04 May, 2023
Revision: 12
Tax Return Production -> Inputting trading and property income on a CT600
https://kb.taxcalc.com/index.php?View=entry&EntryID=2281