Personal Tax- Asset disposal has acquisition date 16/03/1998? (Broker’s Schedule)

personal-tax-brokers-schedule-triggers-acquisition-date-16-03-1998

Personal Tax- Asset disposal has acquisition date 16/03/1998? (Broker’s Schedule)

2nd November 2022

IRIS Personal Tax-Broker’s Schedule triggers acquisition date 16/03/1998?

The gain has an acquired date of ’16/3/98′ on the Capital Gains computation.

This has been raised to the IRIS Development team and confirmed this is a HMRC rule where that specific date will be used. If the brokers schedule has been ticked (Under ‘Other Capital gains’), IRIS will automatically insert the date of 16/3/1998. This date indicates when tapering relief on Capital Gains began.

1. Select Other Capital Gains on the left hand side of Capital Assets.
2. Click Add along the top, or select Edit | Other Capital Gains | Add Other Capital Gain
3. Select Broker’s Schedule at the very top.
4. Any proceeds will show on the SA100 CG2 Box 17. The date is not listed

If you do not want to show this date on the CG comp:

1. Save CG comp as a word file and edit the date – and add an additional note to the SA100 explain this
2. Open the Other Gain Asset and untick the brokers schedule tick box- and add an additional note to the SA100 to explain this