Sale of shares - base cost

Looking for an online calculator to check single pool calculations

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I am working out the base cost for disposal of shares in a private company.  There have been many purchases/sales and transfers between spouses.

Does anyone know an online calculator I could use to work out the average cost of the s104 single pool?  Everything is geared towards bed and breakfasting and not private company transfers.

Also do you know how the transfers between spouses should work for the average cost calculation?  Do you take them out at nil cost and add them at nil cost to each spouse's pool?

I have done it all manually but there must be something I could use to check.

Thanks

Replies (4)

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By johngroganjga
09th Aug 2018 10:35

Inter spouse transfers work by the transferee taking the transferor’s cost - not by the transferor keeping it.

If you have already “done it all manually” what more do you need?

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paddle steamer
By DJKL
09th Aug 2018 10:37

Do spouses not "inherit" the original cost , accordingly do you not need to calculate this at each inter spouse disposal?

Whilst never having to calculate pools re private shares I did, for a period, require to calculate for a party who traded in and out of shares throughout the year, possibly up to 30-50 transactions re one holding in a year.

I found that using excel worked, first listing all the purchases and then working through adding in all the disposals and considering the matching rules.

At least you only have to do it re one holding for each spouse, my client traded in and out of circa 20-30 holdings in a year!!!

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By Matrix
09th Aug 2018 10:52

Ok so the cost of the transfer is the bit I am missing, I just have so many numbers flying around so that is why I was wondering if there was an automated solution. There must be for sales of listed shares as it is so manual?

So when I take the transfer out of, say, the husband's pool I reduce the number of shares by the number transferred and then I multiply this by the weighted average cost of the shares in the pool before the transfer? Then this is the cost which is taken off his pool and added to her pool.

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Replying to Matrix:
paddle steamer
By DJKL
09th Aug 2018 11:28

Sounds right.

If you want to PM me with an email address I can send over the last (13/14 ) excel sheet I did for my client with client name removed (he stopped trading shares that year) which will show how I laid out my computations, yours will be different as presume no gains until now.

(number disposed/ total number l held multiplied by pool value re total held thus giving base cost re disposal)

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