• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

ACCA Options: NEW MOCKS, debrief videos and "Read the Mind". Learn more >>

20% off BPP Books for ACCA & CIMA exams - Get BPP Discount Code >>

Shares purchased within 30 days: Individuals

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Shares purchased within 30 days: Individuals

  • This topic has 2 replies, 2 voices, and was last updated 2 weeks ago by Tax Tutor.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 28, 2022 at 8:20 pm #662028
    guyver101
    • Topics: 6
    • Replies: 6
    • ☆

    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

    July 29, 2022 at 6:27 am #662076
    guyver101
    • Topics: 6
    • Replies: 6
    • ☆

    also 2nd question

    Do bonus shares and rights issues follow the ‘same day’ and ‘within 30 day’ rules as normal acquisitions?

    Thanks

    July 29, 2022 at 12:41 pm #662097
    Tax Tutor
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    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

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

ACCA Introducing professional skills into the Options exams

ACCA Professional Skills Webinar – Register now

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • belatris16 on The Final Audit – the Assertions Revisited – ACCA Audit and Assurance (AA)
  • sashafarah on Accounting Conventions and Policies – ACCA Financial Accounting (FA) lectures
  • John Moffat on Objectives of organisations – ACCA (AFM) lectures
  • jcas on LW English Chapter 5 Questions Common Law
  • S4M101 on ACCA FR Chapter 10 Agriculture (IAS 41) Questions

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy