Trust accounts - investments

Posted by petew PM | on Mon, 25/07/2011 - 10:40 2031 10 comments | report

I am in the process of completing a set of trust acocunts (one of very few for my firm) which has significant listed investments.

We have always carried this forward at cost price.

I deal with ltd companies usually and would always carry these at market value.

Is there a reason why they have been kept at cost price historically? Are there different rules for trust accounts?

Thanks for your help

Peter

Comments

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uktaxpal | Mon, 25/07/2011 - 12:24

petew | Mon, 25/07/2011 - 14:19

sonners | Mon, 25/07/2011 - 15:01

uktaxpal | Mon, 25/07/2011 - 16:19

petew | Mon, 25/07/2011 - 16:23

uktaxpal | Tue, 26/07/2011 - 07:50

Ian Bee | Tue, 26/07/2011 - 09:55

petew | Tue, 26/07/2011 - 10:22

uktaxpal | Tue, 26/07/2011 - 12:58

petew | Tue, 26/07/2011 - 13:03