Gains from transfer of securities

Difference between the acquisition cost and of the sales price of securities is deemed to be gain. Gain upon exchange of securities means difference between the acquisition cost and the market price of securities received as a consequence of the exchange.

Gains from transactions in securities must be declared in the year when the transfer of securities actually takes place.

Question: Is it possible to declare the acquisition cost of a share that was bought in the current year but is not yet transferred as an expense?

Answer: The acquisition cost of shares is taken into account in the period of taxation when a share is transferred. Therefore, the acquisition cost of a share bought in the current year cannot be declared as an expense.

 

26.01.2016