How to do a scheme of arrangement in Reckon Personal Plus
Comments
-
Hi Leanne, thanks for reaching out to us.
Here is the knowledge base article to handle such transaction in Reckon Accounts Personal range software.
Hope it helps
Regards
Shakir0 -
When recording these transactions, my main aim is to preserve the capital value I am holding.
First, the special dividend should be recorded as a dividend, hopefully franked.
Then, the cash return is a return of capital so will reduce the capital value of Tatts shares you held.
You now have the reduced/residual capital value of your Tatts shares.
If you don't have TABCORP shares, you could simply do a restructure to 0.8 new shares per old share and rename the security, ie a non-capital gains event.
Or you could document sale and buy transactions for the same capital value. Two possible capital values could be used.
1) I would document sell/buy for the residual capital value of Tatts shares, documenting that no capital gains event took place.
2) Alternatively you could document sell/buy for the current market value of Tatts shares. This may be a capital gains event.
The documentation supplied by Tatts will probably indicate if this is required, ie a capital gains event needs to be declared.
0 -
Thanks....will give it a go
0
Categories
- All Categories
- 6.4K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 5.9K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.3K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3K Reckon One
- 7 📢 Reckon One - Announcements
- 11 Reckon Invoices App
- 14 Reckon Insights
- 107 Reckon API
- 822 Payroll Premier
- 308 Point of Sale
- 1.9K Personal Plus and Home & Business
- 63 About Reckon Community