claim Entrepreneurs’ Relief in 2017/2018 tax return form

[7of9]

Glad to come back so soon after I closed down my Ltd Hope everyone here is well.

A question to accountants or people who claimed ER before. This is for reassurance as I have never done it before and there was not step-by-step guidelines online.

When I claim Entrepreneurs’ Relief on online self assessment form, I have filled in the following 3 fields:

1) Disposed chargeable assets Page: Select Other property, assets and gains and If you are making any claims or elections, select the relevant code:ERL
2) Losses and Adjustments page: put in total ER amount in Gains qualifying for Entrepreneurs’ Relief - Gains on or after 23 June 2011

Are these all the information I need to fill? Anything missing?

Your help will be greatly appreciated.

[Maslins]

Sounds about right.
When you get to the tax calculation page does it come out with the liability you'd broadly expect? Ie CGT bit should be 10% of the distribution less ~£11k. If it's significantly different to that, are you happy you understand why (could be a bunch of possible quirks)?

[7of9]

Sounds about right.
When you get to the tax calculation page does it come out with the liability you'd broadly expect? Ie CGT bit should be 10% of the distribution less ~£11k. If it's significantly different to that, are you happy you understand why (could be a bunch of possible quirks)?

Thanks very much for your reply Maslins. I got dividends and P60 on the return as well. Have not gone to the calculation page yet. I hope they can separate the tax , not just one total amount.