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Equalisation

Questions about updating prices or transactions in Fund Manager

Postby adennis » Sat Oct 16, 2021 12:33 am

Could someone help with how to record equalisation transactions associated with UK Units Trusts and OEICs.
Mark, these are a cash receipt against a reduction in the cost of the fund bought so are a capital event not an income one.

Appreciate thoughts
adennis
 
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Postby Mark » Sun Oct 17, 2021 10:55 am

Hi adennis,

I'm not familiar with these types of transactions. However, it sounds like a Return of Capital distribution. With this type of distribution, you are receiving money back, lowering your tax cost basis. There is no change in the number of shares owned.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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