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Personal Tax: How to use EIS Share loss against current income tax?

Article ID
personal-tax-how-to-use-eis-share-loss-against-current-income-tax
Article Name
Personal Tax: How to use EIS Share loss against current income tax?
Created Date
21st September 2021
Product
Problem
IRIS Personal Tax: How to use EIS Share loss against income tax?
Resolution

To use EIS share loss against current years income tax

  1. Load the client and the relevant year of loss
  2. Edit, Capital assets, you have to create the loss – either a Share loss or an Other Capital gain (OCG) and make a loss entry
  3. Edit, Capital assets,  Edit(next to file),  Losses and other information, Enter the loss value in ‘Share loss relief against thus years income’ and again in ‘Share loss relief against thus years income’ (you can see two identical fields)

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