Claiming Relief on Disposals

IRIS Capital Assets does not compute reliefs automatically. When entering a disposal simply select the type of relief from the list available and enter the amount due.

The following types of relief are included for individuals and trusts. If a claim is required for two or more types of relief, choose type 0 and enter the details in the 'information' section of the screen, above.

Type	Description	HMRC code
0	Multiple Claims, enter description	MUL
1	Roll-over relief HS290	ROR
2	Retirement relief IR289	N/A
3	Ill-health retirement relief IR289	N/A
4	Gifts hold-over relief HS295	GHO
5	Reinvestment relief	OTH
6	Dependent relative relief	OTH
7	Halving relief	N/A
8	Unremittable gains	OTH
9	Private residence relief HS283	PRR
10	Enterprise investment scheme deferral relief HS297	OTH
11	Venture capital trust deferral relief HS298	OTH
12	Enterprise investment scheme disposal relief HS297	OTH
13	Venture capital trust disposal relief HS298	OTH
14	Business transfer relief	OTH
15	Foreign tax paid (This does not apply to box 6.10 on page F3)	OTH
16	Gain Become Remittable	OTH
17	Negligible Value	NVC
18	Entrepreneurs' relief on gains deferred before 23/06/2010	ERL
19	Seed enterprise investment scheme deferral (from 2013) HS393	OTH
20	Seed enterprise investment scheme disposal (from 2013) HS393	OTH
21	Employee shareholder exemption (from 2014)	ESH
22	Letting Relief	LET
23	Social Investment tax relief	SIR
24	Other, enter description	OTH