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Where Taxpayers and Advisers Meet

Entering capital allowances on intangibles on CT600 (short)

Joined:Wed Aug 06, 2008 3:42 pm
Entering capital allowances on intangibles on CT600 (short)

Postby Alcosaint » Tue Dec 15, 2009 11:41 pm

I have a Ltd company client with goodwill which is being written down over 5 years. I'm adding back the amortisation in comps and claiming an equal amount in capital allowances. Prior to HMRC's 2009 overhaul of their own CT software I was able to enter the capital allowances in box 113 (capital allowances - other assets) of the CT600 (short) section of their software. Now I can't find where to enter this info - the only capital allowances sections are for (i) cars and (ii) P&M main pool.

I'm considering purchasing 3rd party CT return software (BTC CT Solution), but again there isn't the option to submit info on capital allowances claimed on 'other' assets (and ticking the "I'm writing down intangibles" box).

The only alternatives I can think of are either adding a note in the supplementary pages to the CT600 (short) form or completing the CT600 (full) return (haven't explored the 2nd option here, but assume it's possible).

Has anyone had similar issues and found a solution?

Joined:Thu Dec 03, 2009 5:35 pm

Re: Entering capital allowances on intangibles on CT600 (short)

Postby Incredulum » Wed Dec 16, 2009 2:06 pm

I'd use the full return, personally. (I don't know whether what you want is achievable on the full return, but assume so. Personally I would never touch the short return.)

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