Superannuation Lump Sum Tax Offset
Hi,
When completing Deceased Estate returns in Xero Tax, it seems as per the screenshot provided the newly added estimates does not calculate the Super Lump Sum Tax Offset given the complexity and nature of the Lump Sums.
Is there a way to have Xero Tax calculate the estimate with the Super Lump Sum Tax Offset taken into consideration as it has been in the past on MYOB? This way we can obtain a more accurate estimate of the tax payable for the Trustee.
Thanks,
3
votes
Joel Averay
shared this idea
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Paul Howlett
commented
The estimates for Trusts are a pathetic joke.
* You can't enter PAYG Instalments paid by the Estate, so the estimate is wrong.
* It isn't available for Estates >3 years, so have to manually calculate anyway.