Hi, Wesfarmers did a spin off by "Scheme of Arrangement" of Coles - how do I enter this in transactions in Personal Plus ?
Open the investing account in which the Wesfarmers shares are held. Click on enter transaction and in the drop-down menus select corporate Securities spinoff. Fill in the required information with the name of the new security shares issued cost for old and new shares excetera
Amanda, you can either use the the Corporate Spin-off David referred to, or enter the two constituent elements - a Return of Capital from Wesfarmers and a BUY of Coles for that exact amount. The important thing is to make sure you have the correct allocation of the cost to Coles. The Capital return should be 28.91% of the cost base of Wesfarmers. It's also worth noting that RPP doesn't allocate the return correctly if you have multiple parcels of Wesfarmers shares.