Page 89 - Companies & Dividend Tax
P. 89
Acquisition and Disposal of Shares
Investors
Par 32: Identical assets (SILKE 17.8.14 and examples 17.30 to 32)
• Identical assets refer to assets that share the same characteristics
(but should have individual identification numbers) and if any
asset in the group is sold it would realise the same amount
regardless of which asset is disposed of.
• The base cost of identical assets can be determined by using the
specific identification method or the FIFO method or the
weighted average method.
• The weighted average method may only be used for listed local
and foreign shares, interests in collective investment schemes,
and gold and platinum coins, the prices of which are published in
newspapers and listed section 24J instruments.
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