ptc shares matching?

yvmilne
yvmilne Registered Posts: 4 New contributor 🐸
in AAT Level 4 (Level 8 in Scotland)
ahhhh cant find this in my revision, anyone still up and can help? i saw here earlier someone say its quite likely to be in the exam!!
thanks!

Comments

  • Symbol
    Symbol Registered Posts: 41 Regular contributor ⭐
    Quick rules - missing any that do not apply - ignore spelling - very tired.

    Only applies to the same type of share.

    1) If you dispose of some shares and buy some on the same day - one cancels out the other

    2) Shares brought within 1 mth of some being disposed of - they cancel each other out.

    3) All other shares disposed off that cannot be matched gets entered in the FA 2008 pool.

    Good Luck...

    Will be off and on if you have any questions
  • Symbol
    Symbol Registered Posts: 41 Regular contributor ⭐
    PS - NO ONE knows what is in the exam apart from the writer and maybe the company that printed it!
  • yvmilne
    yvmilne Registered Posts: 4 New contributor 🐸
    any chance of brief example? sorry but im not wuite getting it....tired too!
    thanks
  • CJC
    CJC Registered Posts: 1,657 Beyond epic contributor 🧙‍♂️
    yvmilne wrote: »
    any chance of brief example? sorry but im not quite getting it....tired too!
    thanks
    Might be a bit late but here's an example from my notes

    http://cjcnet.net/wiki/tiki-index.php?page=example+of+share+disposals

    This is quite old now but I think the method is still the same though some of the figures will probably be out of date.

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