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Shares purchased within 30 days: Individuals

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

Viewing 3 posts - 1 through 3 (of 3 total)
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  • July 28, 2022 at 8:20 pm #662028
    guyver101
    Participant
    • Topics: 22
    • Replies: 19
    • ☆

    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
    Participant
    • Topics: 22
    • Replies: 19
    • ☆

    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
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    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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