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.
Vicki Stephenson commented
The software I used previously did this and should be available,
I am getting a bit over having to enter the same data twice for investment property or share cgt especially where there is a large DRP component. It is inefficient and surely can be fixed by XERO so only one set of data needs to be entered
Marita Starling commented
This would be really useful. A lot of investment property sales have happened this year and would save so much time if we did not have to repeat the transaction for joint Assets.
Janelle Sawtell commented
This feature would be extremely useful and I am very surprised that it is not available.
Dennis Nguyen commented
The CGT Worksheet does not allow for split of capital gain/loss where property is jointly owned and allow for transfer of the CGT worksheet to the other owner(s).