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For this example, it is assumed that another dividend has been received and a disposal of shares took place realising a capital gain.
Click the plus sign next to the Income menu.
Click the plus sign next to Capital Gains and Dividends and highlight Capital Assets.
The Capital Assets module is displayed. On the left-hand side of the screen click on Shareholdings, highlight the Abbey National holding and click Edit.
Enter the following information and click OK:
|
Share class |
Ordinary |
|
Amount paid |
2000 |
Now enter details of the additional dividend by clicking Dividends and then Add. Enter the following information and click OK then Close:
|
Payment date |
010103 |
|
Amount paid |
180.00 |
Finally insert the details of the disposal of the shares. Click Events and then Add, enter the following information, and click OK and then Close:
|
Date |
050403 |
|
Type |
Disposal |
|
Shares |
1000 |
|
Amount |
3000 |
As the gain is below the annual exemption and the proceeds are below the exempt limit there is no liability to capital gains tax in this instance. The Capital Gains Tax pages are not required.
Click [X] to close the capital assets screen.
Lesson 3E - Change Income not Liable at the Trust Rate