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Where Taxpayers and Advisers Meet

Can I claim Entrepreneurs relief via my online personal tax return submission?

Jetsetter4805
Posts:32
Joined:Wed Mar 09, 2011 6:37 pm
Can I claim Entrepreneurs relief via my online personal tax return submission?

Postby Jetsetter4805 » Mon Sep 27, 2021 3:07 pm

Hi All,

I received a capital distribution which qualifies for ER and I am curious to understand how I can go about claiming ER. Can this be done via the online submission of my annual personal tax return on gov.uk or must I make a separate paper submission in order to claim ER?

Many thanks

bd6759
Posts:3586
Joined:Sat Feb 01, 2014 3:26 pm

Re: Can I claim Entrepreneurs relief via my online personal tax return submission?

Postby bd6759 » Mon Sep 27, 2021 3:59 pm

It’s part of your self assessment

Jholm
Posts:220
Joined:Mon Mar 11, 2019 4:22 pm

Re: Can I claim Entrepreneurs relief via my online personal tax return submission?

Postby Jholm » Mon Sep 27, 2021 4:05 pm

Do it via your tax return. Make sure to account for lifetime limits if you are likely to exceed it.

Also, it's now known as Business Asset Disposal Relief. Hope that helps when looking at the return.

Jetsetter4805
Posts:32
Joined:Wed Mar 09, 2011 6:37 pm

Re: Can I claim Entrepreneurs relief via my online personal tax return submission?

Postby Jetsetter4805 » Mon Sep 27, 2021 5:06 pm

Thanks both - much appreciated.


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