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The following table details all the fields available when entering an operative event.
Field Name |
Description |
Client Type |
|
Date |
Enter the date the event occurred. |
All |
|
Type |
Select the type of event. |
All |
|
Shares / Share ratio |
Enter the number of shares, or in the ratio of shares for a rights issue. |
All |
|
Amount |
Enter the amount that relates to this event. |
All |
|
Costs |
Enter any associated costs such as brokers fees. |
All |
|
Description of Costs |
Enter the description of the costs. |
All |
|
Cum Dividend |
Tick this box if the event is cumulative of dividends. |
Individuals and trusts |
|
Override share ratio |
Tick this box to over the calculated number of shares for rights issue ratios. |
All |
|
Claim relief? |
Tick this box enter a relief on a disposal event. |
All |
|
Valuation used? |
Tick this box to enter any details of a valuation that has been used on a disposal. |
All |
|
Connected Person? |
Tick this box to enter the details of any connected parties a disposal was made to. |
Individuals and trusts |
|
S.86 TCGA'92 Settlor Charge Applies |
Tick this box to include the disposal on Form 50(fs). |
Trusts only |
|
Underlying Non-Resident Company |
Tick this box where the gain arose from an underlying non resident company for Form 50(fs). |
Trusts only |
|
Not at Arm's Length |
Tick this box where the disposal is to an interested party. |
Trusts only |
|
Foreign Tax Credit Relief |
Tick the box to enter the details of foreign tax credit relief. |
Individuals and trusts. |
|
Entrepreneurs Relief |
Tick the box to enable the entrepreneurs relief calculation. Click the magnifying glass to override the amount calculated and to enter a reason. If no reason is entered; “unknown” will be displayed on the capital gains computation. |
Individuals and trusts. |
IRIS is not designed to cope with events prior to 1/4/1982. Instalments cannot be entered after 5/4/98.
The acquisition event type is to record any subsequent purchases of the same class of share.
A bonus issue is an offer of free additional shares to existing shareholders. A company may decide to distribute further shares as an alternative to increasing the dividend pay out. Also known as a "scrip issue" or "capitalization issue".This type of event does not normally have an amount associated with it, and therefore the amount field is disabled.
Use the disposal event type to record any sale or disposal of shares.
IRIS automatically applies the share identification rules when calculating any capital gains or losses on disposals.
A rights issue is shares offered to existing shareholders in proportion to their current shareholding. The price at which the shares are offered is usually at a discount to the current share price, which gives investors an incentive to buy the new shares. Not all shareholders choose to 'exercise' their rights, they can either let the company sell the rights on their behalf or sell the rights to someone else - IRIS does not cater for the sale of rights issues.
Installments are disabled from 5th April 1998.
Please consult the Consolidation and Share Split page for more information on these types of events.