reporting complex gain

olbas_oil

I sold a fund last year that I had held for a long time. All payments were re-invested, so the units I sold were actually built up in 30 steps (Initial investment + 29 payments). Can these be declared as one asset, with the total payments used as the 'initial cost' or do I have to make 30 separate entries?


(Also attempting to speak to SA helpline--- but the wait is horrendous)

MrBeans

You can declare as one asset. Cost is initial cost plus amounts re-invested.

Heedtheadvice

Olbas you can as has been posted above make one entry. It is known as a a section 104 holding. See hmrc help sheet 284 via a web search.
I have to do the same and the only problem
I have is how to enter a single date of purchase see thread in tax saving called self assessment data of acquision of shares ( sorry cannot paste a link for some reason or other!)