1239 - When you cannot use a worksheet

The worksheet is for simple calculations of gains or losses and can be used for the disposal of land or other assets. You may also use it for the disposal of shares but only if it is the disposal of the whole of your holding of a particular class of shares.

You will not be able to use the worksheet in all cases. For example, you will not be able to use it if the asset has been acquired by the exercise of an option or if the disposal is a part disposal. You will also not be able to use it where you have disposed of a number of individual assets, and the gains and losses on those assets are taken together for an entrepreneurs' relief claim.

Further guidance on Entrepreneurs' relief can be found in Help Sheet 275 - Entrepreneurs' relief (PDF 112K)

You should also not use the worksheet if you have to pay capital gains tax on gains made by a non-UK resident Trust or a non-UK resident company in which you have an interest, or on gains which arose in earlier years but became taxable in 2008/09.

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