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.
Dinesh Raghvani
shared this idea
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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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).