Record disposals (SA100)

Add the capital gains section to the tax return as described in Record capital gains (SA108).

This Disposals tab is used to record disposals made in the tax year.

Do not create individual disposal records here in respect of disposals under the Non-Resident Capital Gains Tax regime. Enter total gains in respect of such property disposals in the Non-resident Chargeable Gains Tax (NRCGT) on UK property section on the Gains Summary tab.

  • To add details of a disposal - select Add disposal.

  • To edit an existing disposal, select the description.

  • To delete a disposal, select the description, then select Delete disposal.

Add or edit a disposal by completing the following information, then select Save changes.

  • Brief description of asset – enter a brief description of the asset being disposed.

  • Type of asset – select the type of asset being disposed of from the list.

  • Date of disposal – enter the date of disposal, which should be within the current tax year.

  • Proceeds – enter the sale proceeds. If the sale is to a connected person you may need to enter the market value.

  • Date acquired – enter the date that the asset was acquired.

  • Cost – enter the original acquisition cost. If not known, you may need to provide a market value estimate.

You can enter any number of lines of acquisition cost and enhancement expenditure. Enter the Description of the cost or allowable expenditure together with the Amount.

A new line is automatically added. Unwanted lines can be deleted using the bin icon.

Record any reliefs claimed by entering a brief Description of the relief (for example, Personal Private Residence Relief), the Amount, then select the Type of claim / relief from the list.

  • Calculated gain/(loss) – shows the calculated gain or loss.

  • Override the calculated gain? – select override the automatically calculated gain.

  • Net gain/(loss) – if you have opted to override the calculated gain, enter the required figure.

  • Address of property – this field is only shown when disposing of property. Select Change address to choose the property address.

  • Qualifies for Entrepreneurs’ relief? – select if the disposal qualifies for Entrepreneurs’ Relief. Current guidance from HMRC suggests that the Type of claim/relief (above) should be set as Other Assets when claiming entrepreneurs relief.

  • Estimate or valuation used? – select if an estimate or valuation was used.

    CG34 submitted? – select if a valuation was used and a CG34 has been submitted to HMRC. IRIS Elements Tax and Accounts does not currently produce a CG34.

  • Details of connected person – if the disposal was to a connected person, enter their name.