Settings and activity
1 result found
-
312 votes
Hiya team, we had high hopes but unfortunately we've had to put plans for being able to copy & transfer the Capital Gains Tax(CGT) worksheet down for the intermediary.
We still intend to bring focus to this idea over the longer term but will shift this idea back to Submitted for now until we can begin active development. As soon as there's more word to share I'll be back with an update, here
An error occurred while saving the comment An error occurred while saving the comment 
Vicki Stephenson
commented
Xero we are still waiting and this should have been adopted by now. I commented on this a couple of years ago.This update is essential, easy enough to implement as it is done for a rental schedule and is time saving for us. 30 April 2024 - Xero comments we will add it to under review and its been planned for over the next 12 months. Time is up - maybe you will implement for the 2025 AU Tax returns?
Still waiting.....
An error occurred while saving the comment Vicki Stephenson
commented
Just hoping this does eventuate to a reality, it is a function that existed for years in handitax and I mean years..... and I cannot understand why you have the function built into rental property schedules but not CGT. It is such a time waster repeating the data into separate income tax returns and should have been automated years ago
An error occurred while saving the comment 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
Vicki Stephenson
supported this idea
·
This is unacceptable. It is a simple function like a rental worksheet two owners of a property and you can list the ownership percentage and off you go.
We are talking CGT worksheets here - specifically for the rental props and shares. Has to be reentered manually by each owner on sale. It is the cost base... DRP's can add up to many many transactions that have to be repeated manually...... The request is not for a copy and transfer it is something that should be intrinsic within your software.
The fact that XERO deems this is not important to tax agents and does not recognise that the manual reentry substantially increases the workload for tax agents shows how you do not listen to practitioners.
Its three years since this initial request and there would have been previous requests shows how long your long term view is - more than likely never.....
Very disappointing