Complete a summary of capital gains

Enter the number of disposals of interests in residential property assets that you made in the current tax year.

Enter the total disposal proceeds for all interests in residential property assets (before taking into account any reliefs or claims)

Enter your total allowable costs

Enter the total of any gains made on the disposals of interests in residential property (and any carried interest gains). This figure will be the gain minus any relief, claims or elections. Include any gains from earlier years. Do not deduct the ‘annual exempt amount’

Enter the total of any losses made on the disposals of interests in residential property. This figure will be after taking into account the effect of any relief, claims or elections.

Select the type of claim from the list. This will enter the three letter code required.

Enter the amount of gain from carried interest.

Enter the number of disposals that you made for the year. Count all disposals of the same class of share or security in the same company made on the same day as a single disposal. Ignore disposals you do not make in your own capacity, for example, disposals you make as a trustee.

Enter the total disposal proceeds (before taking off any reliefs, claims or elections).

Enter your total allowable costs.

Enter the total of any gains you made minus any relief, claims or elections. Include any losses within the Total gains or losses on disposal section.

Enter the total of any losses made on the disposals. Include any losses within the Total gains or losses on disposal section.

Select the type from the list.

Enter the number of disposals that you made for the year.

Count all disposals of the same class of share or security in the same company made on the same day as a single disposal.

Ignore disposals you do not make in your own capacity, for example, disposals you make as a trustee.

Enter the total disposal proceeds (before taking off any reliefs, claims or elections)

Enter your total allowable costs.

Enter the total of any gains you made minus any relief, claims or elections. Include any losses within the Total gains or losses on disposal section.

Enter the total of any losses made on the disposals. Include any losses within the Total gains or losses on disposal section.

Select the type from the list.

Enter the number of disposals of property (other than residential) or assets that you made.

Ignore disposals you do not make in your own capacity, for example, disposals you make as a trustee.

Enter the total disposal proceeds for other property and other assets (before taking off any relief or claims).

Enter your total allowable costs.

Enter the total of any gains made on the disposal of other property and other assets, minus any relief, claims or elections. Include any losses within the Total gains or losses on disposal section.

Only deduct losses if you include them in a claim for Business Asset Disposal Relief (previously Entrepreneurs’ Relief).

Enter the total of any losses made on the disposals of other property or assets, after taking into account the effect of any relief, claims or elections. Include any losses within the Total gains or losses on disposal section.

Select the type from the list.

Complete only if you've received any gains, capital payments or benefits, as a beneficiary from a non-UK resident trust.

Enter the amount of all your gains that qualify for Investors Relief.

Enter the total amount of all your aggregated gains that qualify for Business Asset Disposal Relief. All gains qualifying for Business Asset Disposal Relief must be included in the Other property, assets and gains section.

Enter the amount of relief claimed to date. Exclude any relief being claimed in the current year.

Business Asset Disposal Relief claims more than £1,000,000

IRIS Elements Tax and Accounts does not automatically split a single disposal where the gain is more than £1,000,000 where Business Asset Disposal Relief is being claimed.

Create two disposal records:

• one up to the maximum Business Asset Disposal Relief possible. This will ensure that this part is taxable at 10%.

• another record for the remaining gain.

If the adjustment is intended to reduce the amount of Capital Gains Tax payable, enter a minus sign in front of the figure.

Enter the total gains chargeable to NRGCT.

Enter the total gains chargeable to NRGCT.

Select if any of the gains from the previous two gains sections are from indirect disposals.

Enter the amount of tax charged on the non-resident capital gains tax returns submitted.

Enter the total allowable losses that are being set again the NRCGs of this year.

Select if any of the computation includes estimated figures, or a valuation. If selected, include the following information in the Additional text note for the return box.

• where and why estimated amounts have been used.

• how these amounts were calculated

For valuations, you should also include:

• the date of the valuation

• a full description of the asset