Dummy Sales

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    Overview

    The Dummy Sales window can be used as an aid to tax planning allowing you to enter a disposal on a "what if" basis, which allows you to notionally sell an individual holding, part of a holding, or group of holdings and establish the potential gain or loss.

    Market Valuation

    If you leave the proceeds field blank then the system will use the market valuation as at the end of the previous month. However if an up to date valuation is required then these can be entered via Maintenance > CGT and Dividend Scheduling > Securities > Edit Valuations.

    Dummy Sales Window Options

     

    Fields

    Description

    Security Code

    Enter the Code for the Security in question.

    If you are unaware of the Code then this can easily be established by invoking the Security Code Lookup Facility To do this simply position your cursor within the Security Code field and then either double click or press the F5 key on your keyboard.

    Date of Sale

    Enter the date of the disposal.

    Shares Sold

    Enter the number of shares sold.

    Up to four places of decimal are allowed to cope with those Securities,  such as Unit Trusts, where dealing takes place in fractions of shares.

    For Bonds etc. the relevant currency sign will be determined automatically by the system.

    Proceeds

    Enter the proceeds of disposal. If you leave the proceeds field blank then the system will use the market valuation as at the end of the previous month. However if an up to date valuation is required then these can be entered via Maintenance\CGT and Dividend Scheduling\Securities\Edit Valuations.

    If the Security is caught under the terms of the Accrued Income Scheme then the Proceeds must include the Accrued Interest.

    Accrued Interest

    Enter the amount of Accrued Interest as detailed on the Contract Note.

    For some ex dividend transactions the Accrued Interest will be shown as a negative figure on the Contract Note and in these cases it must be entered as such.