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guyver101
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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
guyver101
- Topics: 6
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also 2nd question
Do bonus shares and rights issues follow the ‘same day’ and ‘within 30 day’ rules as normal acquisitions?
Thanks
Tax Tutor
- Topics: 2
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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
guyver101
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