[GNC] Share Records When Receivers Appointed

[john]

I think that's a question for a local licensed tax or accounting professional. It's true that the accounting value of an asset is what you paid for it (modulo depreciation, but that doesn't apply to shares) until you decide/are allowed to write it  When that is depends heavily on your jurisdiction's tax code, not something we can help you with here.

GnuCash separates market value from book value with prices, so you can enter a price of 0 for the commodity and that will be reflected in reports when the price source is "nearest in time" or 'latest", while the book value will be reflected when you use "average cost" for a price source.

Regards,
John Ralls


> On Mar 1, 2024, at 18:32, flywire <flywire0 at gmail.com> wrote:
> 
> How should shares be recorded in GnuCash once receivers are appointed?
> 
> Shares are no longer being traded but the ASX quote feed returns the price
> last traded. There seems to be a realistic (management) value and a tax
> value. The realistic share value is zero but I understand the tax value is
> the purchase cost until the administration process is finalised,
> likely many years away.
> 
> I expect I might need to reports for both values.
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.