Shares and securities Flashcards
1
Q
how do you calculate gain on gift of shares
A
midprice of the shares on the day of the transfer x amount of shares - amount paid
2
Q
what is the order of disposals of shares sold by individuals
A
acquisitions on the same day
acquisition in the next 30 days (FIFO)
shares in the share pool
3
Q
how does the share pool aggregate shares
A
the share pool aggregates all purchases except those made on the same day as the disposal or within the following 30 days
4
Q
how are bonus shares treated
A
as if they were bought on the same day as the original shares they relate to
