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How do I record the sale of EIS shares on my self assessment tax return?

Article ID: 2350
Last updated: 21 Sep, 2015

How you record the sale of EIS shares depends on whether or not it is exempt from capital gains tax, as follows:

  • Exempt – if the shares have been held for more than three years and income tax relief was claimed on the subscription.
  • Not exempt – if the gain was previously deferred.

To record the sale, refer to the relevant section below.

Exempt

SimpleStep mode

  1. Go to Capital Gains Tax > Other CGT information.
  2. Click on Click here for an additional information text box.
  3. Enter all of the information you have relating to the transaction.

HMRC Forms mode

  1. Go to Capital Gains > CG2.
  2. Enter all of the information relating to the transaction in box 37 (Any other information).

Not exempt

SimpleStep mode

  1. Go to Capital Gains Tax.
  2. Enter the Asset details.
  3. Select Property & other assets & gains from the drop-down menu.
  4. Click on Click here for an additional information text box.
  5. Enter the relevant information relating to the transaction.

HMRC Forms mode

  1. Go to Capital Gains > CG1.
  2. Enter the gain in box 3.
  3. Go to CG2.
  4. Enter the same gain in box 33 if this is the only gain in the year.
  5. If there is more than one gain, enter the figures for Listed shares and securities, Unlisted share and securities and Property and other assets and gains.
  6. Enter all of the information relating to the transaction in box 37 (Any other information).

NOTE: Don't include the disposal of EIS shares in box 24. Don't include disposal proceeds in box 25. Leave box 26 blank.

Article ID: 2350
Last updated: 21 Sep, 2015
Revision: 6
Views: 1716
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folder Tax Return Production -> SA100 Individual Return

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