Personal Tax AAT FA2012 Task 2.6

Claire1705
Claire1705 Registered Posts: 37 Epic contributor 🐘
in AAT Level 4 (Level 8 in Scotland)
Can someone explain why the purchase and sale of the November 2012 shares is shown as one line of 25 shares costing £845 rather than the sale of 100 and purchase of 75 as two seperate lines?

Comments

  • Jo Clark
    Jo Clark Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
    Matching rules?
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • Claire1705
    Claire1705 Registered Posts: 37 Epic contributor 🐘
    I thought this might have been something to do with it! I glossed over it in the tutorial and had got on OK with these questions until I came across this one and realised I'd missed something that might trip me up in the exam! Back to the tutorial! :)
  • Jo Clark
    Jo Clark Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
    Shout if you need the question/answer broken down and explained :o
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • Nps
    Nps Registered Posts: 782
    Yes, Jo is right. The first 75 of the 100 sold have to come out of the 75 that he bought 11 days later. The remaining 25 come from the share pool.

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