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Trust Tax: Edit capital gain 'Annual Exemption' value

Article ID
trust-tax-edit-capital-gain-annual-exemption-value
Article Name
Trust Tax: Edit capital gain 'Annual Exemption' value
Created Date
18th November 2021
Product
Problem
IRIS Trust Tax: How to edit Capital Gain Annual Exemption value
Resolution
  1. Load the Trust and select relevant period
  2. Income, Capital Gains and Dividends, Capital Assets,
  3. Top left – Edit, Losses and Other info information
  4. ‘Annual Exemption’ box – tick override and enter the amount you want to claim
  5. IF this is a Discretionary Trust and there are more then 1 Trust then enter the number of trusts in the box: ‘Number of Trusts made later than 6 June 1978 still existent’ – this will auto calc the exemption amount without you overriding the value.

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