How to claim Entrepreneurs Relief

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Claiming Entrepreneurs Relief On Disposal of an Asset

Claiming Entrepreneurs Relief On a Share Disposal

Claiming Entrepreneurs Relief Within other Capital Gains

Claiming Entrepreneurs Relief On Disposal of an Asset

1. Log onto IRIS Personal Tax and select the client.

2. From the Edit menu select Capital Assets.

3. Click the Asset option on the left, click the asset on the right then click Dispose.

4. Click on the Date of Disposal which has already been entered then select the Entrepreneurs Relief box within this screen:
   
   
   

5. Click Update to save the change to the disposal details.

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Claiming Entrepreneurs Relief On a Share Disposal

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

2. From the Edit menu select Capital Assets.

3. Click the Shareholding option on the left, click the shareholding on the right then click Events.

4. Click on the disposal event which has already been entered then click Edit.

5. Select the Entrepreneurs Relief box within this screen.

6. Click OK.
   
   

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Claiming Entrepreneurs Relief Within Other Capital Gains

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

2. From the Edit menu select Capital Assets.

3. Click Other Capital Gains on the left, click on the gain within the screen to the right then click Edit.

4. Enable the Entrepreneurs Relief box within this screen:
   
   
   
   IRIS Capital Assets does not compute reliefs automatically. When entering a disposal select the type of relief from the list available and enter the amount due.

5. Click OK.
   
   

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