Client is going through liquidation as reserves over 25K and the Liquidator has made 2 capital distribution on the 31/03/2014 and 30/04/2014. Can the client claim the entrepeneur relief for the 2 tax years. Aubyn
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Distributions in 2013/14 and 2014/15
The SA tax returns for those years should have been submitted already. Why weren't claims for entrepreneurs' releif ( ER) included on those returns?
The deadline for submitting a claim for ER is 1st anniversary of 31 Jan following year in which the gain arose. For the distribution on 31 March 2014, in 2013/14 the deadline was 31 Jan 2016. For the distirbution on 30 April 2014 in 2014/15 the deadline is 31 Jan 2017. So you are in time for the later tax year, not the earlier one.
Yes
The above presupposes that the answer to the OP's question is yes, without actually saying that it is, only implying it! For the avoidance of doubt I agree that it is yes.