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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Michael Ganci commented
Share capital gains + 1
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Joshua Ganino commented
This is a must have!
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Ellie Trist commented
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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Lisandro Salamero commented
Would be amazing to add option just like in a rental schedule.
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Sam Higgins commented
Would be great to have this feature to improve efficiency!
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Diane Matthews commented
Vital area
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Scott Bailey commented
I have used multiple tax software and have always had this feature. It saves so much time and is crucial to being efficient and not wasting time.
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Samantha Creten commented
Think this is a necessary function
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Nick Munro commented
A simple thing to do, as you can do it for Rental Schedules. The other tax softwares can do it.
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Paul Wineberg commented
I have used some really basic tax programs in the past that have this feature. Wit the linking of tax return data between spouses, surely this is something that should be an easy fix.
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Linda Indrisie commented
This would save a lot of time.
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Aishwarya Jat commented
Please get that feature asap as tax season is coming, it will be helpful for us. Thanks
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Jobin Jacob commented
Totally agree, as there was a client who had traded 50+ shares and we needed to enter each as 50 worksheets.
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Fanol Bekiri commented
Would be a very handy feature and save us so much time! Hopefully Xero gets on to this ahead of the new tax season.
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Jade Butler commented
This is the first software I have used that doesn't have this feature, so much time wasted entering the same data for each investor.
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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
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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.
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Janelle Sawtell commented
This feature would be extremely useful and I am very surprised that it is not available.
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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).