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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 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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  • Nick Munro commented  ·   ·  Report

    A simple thing to do, as you can do it for Rental Schedules. The other tax softwares can do it.

  • Paul Wineberg commented  ·   ·  Report

    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.

  • Aishwarya Jat commented  ·   ·  Report

    Please get that feature asap as tax season is coming, it will be helpful for us. Thanks

  • Jobin Jacob commented  ·   ·  Report

    Totally agree, as there was a client who had traded 50+ shares and we needed to enter each as 50 worksheets.

  • Fanol Bekiri commented  ·   ·  Report

    Would be a very handy feature and save us so much time! Hopefully Xero gets on to this ahead of the new tax season.

  • Jade Butler commented  ·   ·  Report

    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.

  • Vicki Stephenson commented  ·   ·  Report

    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  ·   ·  Report

    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  ·   ·  Report

    This feature would be extremely useful and I am very surprised that it is not available.

  • Dennis Nguyen commented  ·   ·  Report

    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).

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