FRS102 and quoted shares

MV of quoted shares - tax implications

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We have a limited company client who has a fixed asset investement in quoted shares, under the FRSSE we have held it at cost (with disclosure), under FRS102 we will be showing it at market value.

I assume any increase in value will go to the P&L but won't be subject to CT until the gain is realised, but I can't see a definitive statement of this.

Does this sound correct? And does anyone have a link to guidance about it?

 

 

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By johngroganjga
28th Jul 2016 16:56

Yes that's right.

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