How To
Sale of Fractions
CCH Trust Accounts
The CGT treatment of a sale of fractions is the same as that of a sale of rights less than 5%. The only complication that occasionally arises is when the sale of fractions is part of a demerger. In this case, there may be an acquisition of the demerged company and a sale of fractions on the same date. Even if the sale of fractions is entered after the acquisition, the CGT calculation may display the message ‘No prior transactions for SOF record to augment’. This is because the sale of fractions is treated as relating to the holding as at the end of the previous day. If this happens edit the ex-date of the transaction to make it one day later.
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Movement code |
CGT/Accounting rule |
Description |
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SOF |
A4/Ask SoR Treatment |
Sale of Fractions |
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