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Book Costs when buying shares at different prices? Help!
twogoodtwo
Posts: 97 Forumite
Dear all,
I have search the site first but cannot find an answer to a question that is troubling me.
1. If I buy 100 shares at £1 each on day 1, and then buy 100 shares at £2 on day 2, is my book cost for the 200 shares in total £300?
2. If I sell 50 shares on day 3, what is my book cost relating to them? Is it:
a. £50 (ie first in first out)
b. £75 (ie. average of book cost)
c. £100 (ie. last in, first out)
I have searched everywhere and just cannot find an answer. Much appreciated to anyone who can help and maybe even point me to a webpage that has all these calc.
Many thanks!
I have search the site first but cannot find an answer to a question that is troubling me.
1. If I buy 100 shares at £1 each on day 1, and then buy 100 shares at £2 on day 2, is my book cost for the 200 shares in total £300?
2. If I sell 50 shares on day 3, what is my book cost relating to them? Is it:
a. £50 (ie first in first out)
b. £75 (ie. average of book cost)
c. £100 (ie. last in, first out)
I have searched everywhere and just cannot find an answer. Much appreciated to anyone who can help and maybe even point me to a webpage that has all these calc.
Many thanks!
0
Comments
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do you mean for tax purposes ?0
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gozomark, yes I do (and thanks for the link clapton)0
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