[GNC] Representing fund restructure in Gnucash

[Peter Lamb]

Thanks to all who've replied.

I've followed Geoff's advice here and it's done exactly what I was 
trying to do.

Robin, thanks for the note about the bogus price in the price database. 
I'd noticed the same in my earlier attempts to do this. I've cleaned up 
the bogus price, and the new stocks have a price freshly fetched from 
the ASX.

D. (sunfish62), yes, you're correct, but I have the transaction linking 
back to the original stocks and the documentation about the restructure. 
Only one lot is involved, and the rules for capital gains tax (CGT) here 
in Australia are relatively simple: there's just a simple time threshold 
for how long an asset has been held that determines whether the full 
rate or a concessional rate of CGT applies. I think that I've got enough 
to keep a tax auditor happy.

Christopher, I tried to use the stock split assistant, but I couldn't 
see how to tell it to transfer everything to a new stock account. That 
may well be user error.

Thanks again to everyone who replied,
Peter

On 22/1/21 20:35, Geoff wrote:
> Hi Peter
>
> From what you have said, the new security will inherit the old 
> security's cost base.  So I would create a transaction to reduce the 
> old one to zero and add the new quantity to the new one. Blank out the 
> price and put in the cost base as the value - GnuCash will calculate 
> the price.
>
> Screenshot #1 attached shows an example where "BHP" is the old 
> security, and "CBA" is the new security.
>
> Hope this helps.
>
> Geoff
> =====
>
> On 22/01/2021 6:08 pm, Peter Lamb via gnucash-user wrote:
>> I own some Exchange Traded Fund stocks, and one of the stocks has 
>> been restructured: the stock I owned has been converted into another 
>> stock, so that 1 ABC share (the original stock) has been converted 
>> into N DEF shares. I have only been provided with the ratio of share 
>> values, not with prices. No money changed hands.
>>
>> How do I represent this in Gnucash?
>>
>> Peter
>>

-- 

Peter Lamb

Canberra, ACT