IRIS does not appear to be applying the matching rules in the correct order
Article ID
ias-8476
Article Name
IRIS does not appear to be applying the matching rules in the correct order
Created Date
12th November 2009
Product
IRIS Personal Tax
Problem
The client bought and sold all shares in a particular company, and then purchased more shares in the same company at a later stage; where subsequent disposals have been made IRIS does not always apply the matching rules in the correct sequence.
Resolution
If a client makes further acquisitions to a shareholding after the original holding was fully disposed of, users are required to create a separate share holding for the subsequent acquisitions as follows:
1. Log on to IRIS Personal Tax and select the client
2. From the Edit menu select Capital Assets
3. Click the Share holding option on the left then click Add
4. Enter the name of the company and set the acquisition date to the date that this further acquisition was made, enter the amount paid and the number of shares purchased then click OK.
Note that any subsequent transactions in shares from the company must be added to this new share holding,
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