This release contains updates and improvements to several areas of Abacus Life, including CT600 (2007), transfers of business and structural assets.

CT600
The 2007 version of the CT600 form is now included in the software. HMRC has not released 2007 versions of the supplementary pages; hence 2006 versions are still in use in this release.

Transfers of business
Many of the proposed changes regarding transfers of business do not take effect until an appointed day in 2008, hence only minor changes have been made in 2007.

Structural Assets
There are a number of changes in this release to deal with structural assets in 2007 files. These are summarised below:
On the Allocation of investment income arising and Chargeable gains sheets in a non-participating fund (usually RA4 / RB4 etc), new columns have been added to allow the entry of income and gains from structural assets. These changes have also been made to a number of other related sheets.

For further information, download our newsletter Abacus 7.1 - Life Release. (PDF, 164KB)