Revaluations
It is sometimes necessary to revalue a holding without affecting the CGT on a subsequent disposal. To do this an A1 purchase is posted with zero units. This entry is shown on CGT reports but does not affect the CGT cost provided that there are no other entries for the holding on the same day. On the investment schedule the entry is shown as an acquisition of zero units which updates the cost.
|
Movement code |
CGT/Accounting rule |
Description |
|
SOR |
A1/Normal Purchase |
Surplus on revaluation |
If the entry is a downwards revaluation, then the amount should be negative. The logged-in account should be set to the Revaluations account.