Form 11

DL40

Hi...I made a loss on investment shares sold in 2018 but no idea where to include this on my form 11. Only other thing on the form 11 is rental income for one property. Help please ? Txs

Happy4all

DL40 wrote: »

Hi...I made a loss on investment shares sold in 2018 but no idea where to include this on my form 11. Only other thing on the form 11 is rental income for one property. Help please ? Txs

Capital gains section, include cost and sales proceeds

DL40

Happy4all wrote: »

Capital gains section, include cost and sales proceeds

Txs for response, but still cant figure out where it goes...
There is no box for "losses" and obviously wont let me enter a negative amount either...

Calahonda52

Its there, where you show the calculation.
Go down through all the green tabs, I can't access ros now.
then the cgt self assessment box needs to be done

Jocular

Hi, I'm helping out a friend on their form 11 (i know this is last minute but they asked me 2 nights ago). My friend was made redundant in early 2019 but towards the end of 2019 she was asked by her previous employer to do some contracting work that involved travel etc. She sent them an invoice and has travel expenses relating to it. Form 11 has to be filled out because of other rental income

I have 2 questions. Firstly on the extract accounts is it only the cash bank that would be necessary for her personal accounts? It was a once off thing so there were no accounts prepared.

Secondly she charged back food costs in her sales invoiced to her previous employer but these expenses would not be deductible on form 11 but they are included in revenue. So she's basically paying tax on food she bought but not able to claim the expense element against it. Is there a way to not pay tax on this when she's making not money on it? Should these be included in the extract accounts?

Thanks in advance

y0ssar1an22

Jocular wrote: »

Hi, I'm helping out a friend on their form 11 (i know this is last night but they asked me 2 nights ago). My friend was made redundant in early 2019 but towards the end of 2019 she was asked by her previous employer to do some contracting work that involved travel etc. She sent them an invoice and has travel expenses relating to it. Form 11 has to be filled out because of other rental income

I have 2 questions. Firstly on the extract accounts is it only the cash bank that would be necessary for her personal accounts? It was a once off thing so there were no accounts prepared.

Secondly she charged back food costs in her sales invoiced to her previous employer but these expenses would not be deductible on form 11 but they are included in revenue. So she's basically paying tax on food she bought but not able to claim the expense element against it. Is there a way to not pay tax on this when she's making not money on it? Should these be included in the extract accounts?

Thanks in advance

for the 1st part...dont worry about the balance sheet part. just get the assessable profits correct.

her net position is better with recharging the food as its not deductible, but would be incurred anyway:

recharge food do not recharge food

income 100 100
food 20

income 120 100

tax at 52% 62.4 52


Net position 57.6 48

Jocular

Thank you we got it all submitted on time.