Topic results Movement Codes

CCH Trust Accounts
Movement Codes: CGT
This document outlines the various Movement Codes and associated CGT and Accounting Treatment used in investment ledger entries. Each Movement Code indicates a specific type of transaction (e.g., Bonus, Dividend) and governs its cost treatment for Capital Gains Tax (CGT) and accounting. Key rules for acquisitions, disposals, and income entries are detailed, including calculations for partial disposals and interspousal transfers. Additionally, attributes like Nil Quantity and Heldover Gain are explained, offering guidance for accurately processing investment transactions in compliance with relevant regulations.
More information
CCH SecTax
Movement Codes
The document outlines the concept of Movement Codes within the CCH SecTAX system, which are utilized to manage transactions for income and capital gains tax (CGT) purposes. Movement Codes consist of alphanumeric designations paired with associated rules, attributes, and descriptions that dictate transaction treatment. It provides details on system-defined codes, CGT rule codes, and attributes that can differentiate movement codes. Furthermore, it describes how various rules apply to transactions such as purchases, disposals, bonuses, rights issues, and foreign income, including special cases for cost write-downs and delayed tax treatments.
More information
CCH Trust Accounts
Movement codes
This document outlines the details of investment ledger entries, focusing on Movement Codes that identify the entry types (e.g., BNI for Bonus Issue, DIV for Dividend, PUR for Purchase) and their implications for CGT and accounting treatment. It explains the classification of CGT rule codes, differentiating between acquisitions, disposals, and income. Additionally, it describes specific attributes for movement codes, including Nil Quantity, Negative Addition, Heldover Gain, Deferred Gains, CGT Overrides, and Connected Persons. Each attribute influences the accounting and capital gains tax reporting process for investments.
More information