Personal Tax: Unlisted Share and Securities - There is a entry in (SA108 Losses claimed against income etc)
Article ID
personal-tax-unlisted-share-and-securities-there-is-a-entry-in-sa108-losses-claimed-against-income-etc
Article Name
Personal Tax: Unlisted Share and Securities - There is a entry in (SA108 Losses claimed against income etc)
Created Date
17th January 2022
Product
Problem
IRIS Personal Tax: Unlisted Share and Securities - There is a entry in (SA108 Losses claimed against income etc)
Resolution
Follow all the steps below:
1. Go to Edit / Capital Assets / Other Capital Gains and Shares (check both). Open the related share/OCG loss(es) and tick ‘Unlisted Shares’ in Asset Type | OK.
2. Regenerate and submit. If you get a same error again then check the total share loss claim and entries, go to step 3.
3. Go to Capitals assets/ Edit/ Losses and other info – look at the TWO loss claim entries on bottom right of losses to be used (Share loss relief used). Do they add up the total loss value of the unlisted shares? They have to add up correctly or you will get this error. For example if you have losses totaling £1000, it should be entered like this: (if one or both are higher value then it can cause the error)
4. Open the shareholding or OCG event which was ticked unlisted shares – if it was ticked as ‘Business Assets’ then untick it and save.
5. Check your loss is under these 2 areas: Shares or Other capital gains. If you have an Asset and disposed as a loss then this may trigger this warning (as there is no unlisted share option), so move this entry into Shares or Other capital gains.
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