How to Enter a Share Holding

The following guide assumes you are working on a client in IRIS Personal Tax with the 2007 tax year selected.

This step by step guide take you through entering: a new shareholding, a rights issue, a further purchase of the same class of shares and finally a part disposal of the holding.

Setup the initial acquisition

• 1,000 shares were purchased in May 1990 for £3,000.

1. Select Share Holdings on the left-hand side of the screen.

2. Click ADD at the top of the screen or select Edit | Share Holding | Add Share Holding

3. Enter the following information in the Share Holding Details screen.

• You can use the <Tab> key to move between fields.

3. Click OK or press <Return> to save the new share holding.

Input the rights issue

• There was a 1 for 1 rights issue in December 2001.

1. Select the share holding and click EVENTS along the top of the screen.

2. To enter the details of the operative events click ADD and enter the following rights issue information:

• The ratio calculation can be overridden by ticking the 'Override share ratio' box.

3. Click OK or press <Return> to save the rights issue.

Input the second acquisition

• A further acquisition of 1000 shares in June 2003 for £7,000.

1. To enter the second acquisition in the events screen click the ADD button and enter the following information:

2. Click OK or press <Return> to save the new acquisition.

Input the disposal

• 2500 shares were disposed of in March 2007 for £10,000.

1. To enter the disposal into the events screen click ADD and enter the following information:

   Date	010307
   Type	Disposal (D)
   Amount	10000
   Shares	2500

    

2. Click OK or press <Return> to save the disposal.

3. Click CLOSE to return to main Capital Assets window.

4. To view the capital gains computation select the Report drop-down menu and select Capital Gains Computation.

5. To delete this example, select it and click DELETE at the top of the screen. Click Yes when asked to confirm deletion.