Reports like the Income and expense reports allow you to use the Tax date in reporting rather than the transaction date. I would like this extended to Investment reports.
I think this would be a benefit with reports like Cost basis and performance in various situations.
I'm dealing with one such at the moment. I have a company demerger to process. It is being done on the basis of a capital split in the ratio of 85.81 : 14.19. So it is not a simple fixed amount of capital return but rather you need to work out the split on each lot based on the given ratio. I have 29 lots to process so it mean entering the sale of 29 lots at the original cost base and the purchase of 29 lots at the new. Transfer the excess funds to a new investment and enter a further 29 lots at the calculated cost base.
For cost basis with taxation your purchase date is the original date of the purchase, not the implementation date of the demerger. Performance data should also be based on the original purchase date.
If the Taxation date can be used in the reports then the original date can be entered into this field and used in reporting to give correct information
Reports like the Income and expense reports allow you to use the Tax date in reporting rather than the transaction date. I would like this extended to Investment reports.
I think this would be a benefit with reports like Cost basis and performance in various situations.
I'm dealing with one such at the moment. I have a company demerger to process. It is being done on the basis of a capital split in the ratio of 85.81 : 14.19. So it is not a simple fixed amount of capital return but rather you need to work out the split on each lot based on the given ratio. I have 29 lots to process so it mean entering the sale of 29 lots at the original cost base and the purchase of 29 lots at the new. Transfer the excess funds to a new investment and enter a further 29 lots at the calculated cost base.
For cost basis with taxation your purchase date is the original date of the purchase, not the implementation date of the demerger. Performance data should also be based on the original purchase date.
If the Taxation date can be used in the reports then the original date can be entered into this field and used in reporting to give correct information