Bonus issues of securities and loans written off section (SA800)

If the partnership receives a bonus issue of securities or redeemable shares, the amount of the distribution is:

• for ‘redeemable share’, their nominal value plus any premium payable.

• for ‘securities’, the amount of the principal secured plus any premium payable minus any new consideration given for that issue.

A loan or advance made by a company wholly or partly released or written off may be taxable. If so, the amount released or written off is treated as a net amount of income.

The information given here is used to populate the dividends section on the SA804 of the tax return.

Refer to the HMRC Self Assessment Partnership Tax Return (SA800) guidance if needed (opens in a new tab).

1. Open the required tax return, then select the Data input tab.

2. If the required section is listed, select it and skip the next step. If not, select Add a new section.

3. On Choose a section to add, under Investment income, select Bonus issues of securities and loans written off.

If the section is crossed through, it has already been added to the tax return. To adjust it the existing values, close the window and select the section on the Data Input tab.

4. For each item, enter a brief Description of the bonus issue of securities or loans written off. This does not appear on the tax return and is for memo purposes only.

5. Enter the Total amount received.

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

6. The Total is automatically calculated. Select Save changes.