Retaining Overseas Tax for Landlords

Click on the ‘Spanner’ icon in the top tool bar

 

This will bring up the Sage Company List – double click on the ‘Company’ and this will bring up the ‘Company’ Window

 Click on ‘Client Nominals’ and make sure a % is entered in ‘Default Tax Reserve Rate’ and ‘Save’ – then ‘Exit’ from the next screen.

 Go to the ‘Landlords’ module then double click on the Landlord to open up the record

 

 Down the right hand side fill in the following information: -

 

Statement by – ‘Individual Properties’

Tick ‘Inc Tax Report’

Choose ‘Residency’

Approval No – Enter Inland Revenue No.

Tick ‘Retain Tax’

‘Save & Exit’

 When you create the Landlord Statement you need to choose ‘Property’ by clicking on the arrow to bring the drop down list, once you ‘Add to Statement’ you will see the ‘Tax’ charges.

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