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AU Tax: CGT - Option to copy and transfer

Capital gains tax worksheet - where an capital assets is owned by more than one person say husband and wife 50:50. If the worksheet has been prepared for one taxpayer, have an option to have this copied/ transferred to the other taxpayer similar to rent schedule.

For property generally there could be just one item but for shares there may be huge number of CGT events.

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Dinesh Raghvani Mint shared this idea  ·   ·  Report…  ·  Admin →
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under review  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Heya everyone, thanks for your input to Product Ideas and letting us know the value of the CGT worksheet for you.

We're going to move this idea to Under Review as this is something the team have planned over the next 12 months. There are a few other pieces of work lined up before this, so we'll share news when this progresses. Thanks

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  • Lucy McGlone commented  ·   ·  Report

    this is required urgently & is a basic function
    literally data entering same info twicer for every rental property sale

  • Vicki Stephenson commented  ·   ·  Report

    Xero we are still waiting and this should have been adopted by now. I commented on this a couple of years ago.This update is essential, easy enough to implement as it is done for a rental schedule and is time saving for us. 30 April 2024 - Xero comments we will add it to under review and its been planned for over the next 12 months. Time is up - maybe you will implement for the 2025 AU Tax returns?

    Still waiting.....

  • Suman Devkota commented  ·   ·  Report

    It's been more than a year since the last comment from Xero's team. Are there any updates on this, dear Xero team?

  • SHANE HEDLEY commented  ·   ·  Report

    Really an essential missing feature which is fairly standard across tax prep software

  • Leon Lam commented  ·   ·  Report

    true, this would save time and be the optimal way to use the Capital schedule

  • Vicki Stephenson commented  ·   ·  Report

    Just hoping this does eventuate to a reality, it is a function that existed for years in handitax and I mean years..... and I cannot understand why you have the function built into rental property schedules but not CGT. It is such a time waster repeating the data into separate income tax returns and should have been automated years ago

  • Miranda Bravo Hollands commented  ·   ·  Report

    This is such an important feature that we need. HandiTax has been able to do it for years.

  • Scott Bailey commented  ·   ·  Report

    Every other tax software I have used has this feature and saves so much time. To me this should be a standard feature

  • Simon Etheridge commented  ·   ·  Report

    The ability to post CGT calculations between say husband and wife is critical, especially when you have multiple share trades. To have to enter everything twice is a complete waste of tiem.

  • Ellie Trist commented  ·   ·  Report

    This is absolutely necessary, and should be easily possible in the same way we can use this function in a rental schedule. Please add it in Xero!

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