Does anyone know which account should class action settlement proceeds be recorded to?
The shares that the settlement relates to were disposed of in the 2009 FY - therefore I cannot record a return of capital on a nil cost base.
Does anyone know which account should class action settlement proceeds be recorded to?
The shares that the settlement relates to were disposed of in the 2009 FY - therefore I cannot record a return of capital on a nil cost base.
Hi @JYSUPER,
If you are wanting to record a CGT event you need to add 2 transactions
Enter a purchase for the ASX code with a cost base of $0. Use the Contract Date field to enter the original purchase date if you wish for the discounted method to apply.
Use the proceeds to record a disposal for the units entered at step 1
Or a distribution with CGT components could be recorded