How to claim relief on the disposal of an Asset

Introduction

This topic explains the process for claiming a relief on an existing disposal:

1. Log on to IRIS Personal Tax and select the client.

2. From the Edit menu select Capital Assets.

3. Click on the Asset then click Dispose.

4. Click on the data of disposal which has already been entered within this screen:

5. Select the Claim Relief? Option.
   
   The Claim Relief screen displays.

6. Select the type of relief from the list available within this screen:

7. Enter the amount of relief which can be claimed then click OK.

8. Click Update to save the change which has been made to the disposal.

• If two or more reliefs can be claimed, please use relief type 0, enter details of the relief types within the information box then enter the combined total of all reliefs within the Amount of relief box.