ftax

Example 1 - Basic Example 2 - Taper Relief Example 3 - Taper Relief and Change of Status
Example 4 - Same Day Trades Example 5 - Share Restructuring Example 6 - New Rules for Tax Year 2008 Onwards

Example 5 - Share Restructuring

You can test out the following example by copying and pasting the trades into the calculator . The trade format and instructions can be viewed here.

R 25/05/2006 SKC 0.1
B 17/01/2002 IND 20000 0.71 10.00 71.00 U
B 17/01/2005 SKC 350000 0.045 12.50 78.80 U
B 11/11/2005 SKC 75000 0.04 11.95 15.00 U
S 19/01/2006 SKC 250000 0.05 11.95 0.00 U
B 01/06/2006 SKC 6000 0.49 11.50 14.70 U
B 02/06/2006 SKC 5000 0.475 11.50 11.87 U
S 25/04/2007 SKC 10000 0.65 50.00 0.00 U
S 17/05/2007 IND 10000 8.52 10.00 0.00 U


Results

The first line in the trades data states that on 25th May 2006 the stock SKC was subject to a 1 for 10 restructuring. On encountering this line the calculator rebases ALL trades for the stock SKC such that the number of shares value is consistent. For more on share restructuring see here.

capital gains calculator example 5