Enter Roll Over Relief
- Article ID
- ias-11681
- Article Name
- Enter Roll Over Relief
- Created Date
- 19th June 2014
- Product
- IRIS Personal Tax
- Problem
- To claim this relief, a disposal must first be entered on the Shareholding entered within the Capital Assets area. It is also possible to claim this relief within Other Capital Gains once all details have been entered.
- Resolution
- To claim through the shareholding, go to: 1) Income Menu – Dividends – Capital Assets 2) Set up the shareholding 3) Then select Operative Events and select Add to enter a Disposal 4) Once the disposal details have been entered tick to Claim Relief and choose type 1. Note: the software does not calculate the relief, the user is expected to make a manual entry here. To claim through another Capital Gain, go to: 1) Other Capital Gains instead of Shareholding 2) Enter the gain details and then tick to Claim Relief 3) Choose type 1 to claim Roll Over relief and enter details of the relief. If your question is in regards to a Limited Company then you would go to Edit/Capital Assets and add the asset and then tick to claim relief and enter the description and amount.
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