Dealing with Non-Standard Events

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  • As with Re-investments, details of shares that have been inherited should be entered on the Sundries Window.
  • It is advisable initially to use the Dummy Sales window prior to entering a Gift or Transfer  to allow the system to calculate the amount of indexation available up to the date of the Gift and to calculate how the Gift should be "matched" where only part of the holding is being gifted and the total holding is formed of several, separate parcels.
  • It is always advisable to request a Proof Schedule before attempting to enter non-standard take-over details. The Proof Schedule will detail any alternative terms by way of a series of information lines and usually will display an alternative Security Code for each.
  • Optional conversions are treated in the same way as take-over's as alternative codes are usually available which assume the conversion has been taken on the appropriate day during the year.
  • On occasion you may find it necessary to overwrite a holding or cost that has been generated by the system. For example this may be due to a rounding difference relating to the number of shares allocated following a take-over or the need to overwrite the cost of rights shares issued by a Foreign Company.
  • CGT and Dividend Scheduling will deal automatically with Forward Matching (the 30 day rule) for Disposals that take place on, or after, 6.4.98.
  • In situations where shares are transferred between spouses the shares are deemed to be acquired by the transferee spouse on the date of the transfer. However for the calculation of taper relief the system needs to look back at the date(s) the shares were originally acquired by the transferor spouse.
  • It is often necessary to take on balances from earlier years, for instance where 1982 holdings exist in the portfolio. These balances may or may not include indexation.