[GNC] Reporting combinations of accounts

Ruaraidh Sackville Hamilton ruaraidh.sh at gmail.com
Thu Apr 30 08:57:21 EDT 2020


Yes, thanks, that's what I already have

On Thu, 30 Apr 2020, 12:43 Fred Bone, <Fred.Bone at dial.pipex.com> wrote:

> 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).
>
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