To complete a CT600 for a property company, follow these steps:
- Open the CT600.
- Go to Company Type (SimpleStep mode) or Information (HMRC Forms mode).
- Tick the box labelled Should the company be taxed as a Property Business (formerly Schedule A)?
- Open the Tax Adjusted Profit/(Loss) worksheet.
SimpleStep Mode:
CT600 Core > Property business income > Tax adjusted profit/loss - disallowable expenditure
CT600 Core > Property business income > Tax adjusted profit/loss - Other adjustments
HMRC Forms Mode:
CT600 Core > Computations > Tax adjusted profit/loss - disallowable expenditure
CT600 Core > Computations > Tax adjusted profit/loss - Other adjustments
- Enter the information to appear on the computations – such as profit, disallowable expenses, wear and tear.
- Complete Capital Allowances and a Property Losses Record (if applicable).
- Select View iXBRL Tax Computation from the left-hand menu to preview the computations.