[GNC] Reporting combinations of accounts

[Fred Bone]

On 29 April 2020 at 17:51, Ruaraidh said:

> I'm in the UK where married couples are taxed separately and have to file
> separately. I'm not a tax expert, but I've just googled it and find
> confirmation on both government and accountants' web sites: husbands and
> wives (the words used on the web sites - I'm not sure about other types of
> couple) have been taxed independently since 1990.
> 
> So, interestingly, the original GnuCash question seems irrelevant in the
> USA, but still relevant here. You are lucky! 

Gnucash isn't going to fill in your tax return for you. You have to check 
HMRC's figures against your P60, for example, and fill in the Dividends 
and Interest sections yourself.

However, it's not exactly rocket science to use Gnucash to allocate 
taxable savings interest from a given source to one of three Income 
accounts depending on whether the underlying savings are held by you, 
your other half, or jointly, so that come tax return time you have the 
totals ready to hand. (Obviously you'd want further accounts for 
non-taxable income).