Limited company, accounting currently under FRS 105, possibly moving to FRS 102 purchased listed shares in a single plc over a number of years. The limited company has recently been making disposals of those same listed shares. I'm fine applying the rules of s104 pool and establishing the cost basis for Corporation Tax but I'm unsure if - for accounting purposes - I should be allocating costs against the disposals on the same basis as the s104 pool or FIFO?
Is there a choice?
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Do the explanations on fungible assets here help?
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/techni...