Shares purchased within 30 days: Individuals

RRichard4y ago

If an individual sells some shares, and makes 2 or more purchase within 30 days. Is the cost of purchase to offset against gains based on the average cost of the combined post-sale purchases (ie those within 30 days)? Or is it on another a basis, FIFO or LIFO perhaps? Thanks

RRichard4y ago#1

also 2nd question Do bonus shares and rights issues follow the 'same day' and 'within 30 day' rules as normal acquisitions? Thanks

TTTax Tutor4y ago#2

1) If more than one acquisition takes place in the following 30 days then a FIFO basis would apply in recognising which shares have been sold 2) A disposal will not take place immediately prior to a rights or bonus issue

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