matching rules for shares- personal tax
meibaker
Registered Posts: 481 Dedicated contributor 🦉
hi, i am struggling to understand the matching rules for shares. please help! thank you!
1, firstly, any shares bought on same day that the disposal occurs are matched with that disposal
2, secondly, any shares bought in the 30 days after the dispoal are matched with those disposed of, matching the earliest first if more than one acquisition. this probably seems illogical, selling sth before its bought!
3, any remaining shares not yet matched are deemed to have come from the FA 1985 pool of shares, this is a device for merging shares.
1, firstly, any shares bought on same day that the disposal occurs are matched with that disposal
2, secondly, any shares bought in the 30 days after the dispoal are matched with those disposed of, matching the earliest first if more than one acquisition. this probably seems illogical, selling sth before its bought!
3, any remaining shares not yet matched are deemed to have come from the FA 1985 pool of shares, this is a device for merging shares.
0
Comments
-
I'm struggling with this too .and my exam is on Saturday. Help!0
-
Ok - with this original thread being circa seven years old you'll need to elaborate further on the question, and I'll see if I can help.2
-
I don't have any question in particular - It's basically the rules which are unclear - any tips welcome of how to tackle these type of questions. I don't think I have mastered any of the ones I have done.0
-
I'm still not sure of the question to be honest.
The rules are as above.
1) Same day
2) Within 30 days
3) From the pool
I can't remember how deep the question goes for AAT, you'll likely need to perform the calculation without adding too much theory.
The idea behind the 30 day rule is to combat against bed and breakfasting - selling today to buy back tomorrow for a gain / loss.
Remember it is the same class of share in the same company.
0 -
This is it, the 30 day rule. What do I do? Subtract the sold/acquired from the 2 dates and then average the cost? I have seen it done separately and am confused.0
-
Matching shares means that the CGT base cost of the shares sold is the actual amount paid for the shares bought in the 30 day period after the sale.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 321 NEW! Qualifications 2022
- 164 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership