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The share-holding screen is accessed via Capital Assets when adding new share-holding or editing existing holdings. The screen is used for recording the details of any shares or unit trusts owned that are or will be eligible for capital gains. Assets should be entered in the asset details section.
An example of this screen can be seen here.
Enter the initial share or unit trust purchase on this screen. Further purchases and partial or full disposals are entered in the operative event screen, which may be accessed via the operative events magnifying glass.
Field Name |
Description |
Client Type |
| Master Group | Click the magnifying glass to select a quoted company from the master list; this will populate the Company Name and Share Class automatically. To use the IRIS Dividend Service, you must select companies from the company lookup. | All
IRIS Dividend Service is available to individual and trust clients |
| Company Name | The name of the company. | All |
| Share Class | All | |
| Amount Paid | All | |
| Market Value @ 1982 | All | |
| Attributed Gain | Individuals only | |
| Spouse transfer before 6th April '08 | Individuals and trusts | |
| Jointly Held | Individuals and trusts | |
| Chargeable on settlor | Trusts only | |
| Operative Events | All | |
| Defunct Holding | All | |
| Dividends | Individuals and trusts | |
| Cost of Acquisition | Enter any expenses associated with the purchase | All |
| Description of Cost | Enter a description for cost of acquisition. | All |
| Total Number of Shares | Enter the number of shares purchased. | All |
| Unit Trust | Select this option if the holding is a unit trust. | Individuals and trusts |
| Unlisted Shares | Select this option if the holding is not listed on the LSE. | Individuals and trusts |
| QAHC | Select this option to choose from Excluded Indexed Securities or Share Repurchases. | Individuals and trusts |
| Company Registration No. | Enter the companies registration number. | All |
| Ex / Cum Dividend | Individuals and trusts | |
| Asset Use Non-Business | Individuals and trusts | |
| Business | Individuals and trusts | |
| Shared | Individuals and trusts | |
| Became a business asset on 6/4/2000 | Individuals and trusts |
The IRIS Dividend Service is available as an optional extra. To make use of this, all shareholdings (UK Companies or UK Unit Trusts) should be linked to one of the listed companies. This makes it possible to automatically insert the year's dividends straight on to the tax return. The link is via the master group option at the top of the screen. Even if you do not subscribe to the service now, it is still worth making the link to insert the company name and share class and to prepare for further future enhancements.
The Clone option, only available in IRIS Personal Tax, allows the details
and events of a share holding to be copied to another client. This
feature is useful when setting up share holdings that are jointly held
or transferred between two clients on the system. Simply click Clone and
select the client you wish to copy the share holding to. For more information
please read the How to Clone a Shareholding help screen.
Refer to the quick guide 'How to enter a shareholding' for a step by step guide on how to create a share holding that has various operative events.