[GNC] Financial Statements

[flywire]

Chris Grinton
https://lists.gnucash.org/pipermail/gnucash-user/2024-September/112855.html
writes:
> ...

Thank's Chris.

Unfortunately that doesn't resolve the issue. Although more direct this
still passes the Asset:Bank transaction to Income:Distribution and
Asset:Shares:Costbase so Income:Distribution does not hold the full
distribution shown in my original post's linked I&E report. As I see it,
the distribution from a trust passing through another trust should maintain
its integrity.

Workflow comments:

With the exception of the pass-through issue, my understanding and
methodology is based on your responses to
https://lists.gnucash.org/pipermail/gnucash-user/2022-August/102351.html with
adjusted accounts.

Subject to a report passing on the whole distribution, I agree the
Asset:Shares:CostBase component should properly be recorded as a return of
capital (
https://www.gnucash.org/docs/v5/C/gnucash-guide/invest-retofcap.html ).
This part of the script failed when Geert redeveloped the csv import for
shares dropping share value.

I note in Australian tax returns Part B Capital Gains TAP/NTAP
classification is not used (
https://lists.gnucash.org/pipermail/gnucash-user/attachments/20220811/db94f391/attachment-0001.pdf#page=12
)
allowing the transaction to be simplified.

While Part A of the statement reports Net and Gross capital gain (18A/18H)
the values will invariably be used in a CGT Schedule requiring Gross
(Grossed Up) Discounted and Other Method capital gain so would be better
stored as such. They can be readily calculated from Part A Net and Gross
capital gain (18A/18H). In Australia the Net capital gain discount of 50%
must be changed to 1/3 for superannuation (retirement) funds and nil for
companies.


Regards