INTRODUCING AN OPTIONAL TRADE IN TAX LIMIT 


We have introduced the optional of having a Trade In Tax Limit so the sales tax credit for trade ins will not exceed the sales tax for the units being sold.


For example:

Mr Smith is buying a new unit and the Sales Tax payable on that new unit is $250

Mr Smith is trading in a unit and the Sales Tax credit on that unit is $275

The Dealership cannot have the Sales Tax credit ($275) exceed the Sale Tax payable ($250) and in the example we have given it will exceed it by $25

This new enhancement will ensure that there is a Trade In Tax Limit so that this does not occur.


How to setup a Trade In Tax Limit:

  1. From the Blackpurl Header > click on User-added image > System settings  
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  1. From the System Setting Dashboard click on User-added image
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  1. From the Settings & Controls options > Tax Settings - Trade tax credit can not exceed unit tax.
When disabled - as per below - there will be no limit on the amount of sales tax calculated for trade in.

 User-added image

To enable, move the toggle. When enabled - as per below - there is now a limit on the amount of sales tax calculated for trade in. It will not exceed the sales tax for the new units being sold.

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Please note:  If your Dealership does Tax included Pricing then this feature will not be available to you.