To record disposal of direct equities, hybrids, or units in Unit Trusts or Managed Funds, select the ASSETS tab, then click the ASSET DISPOSAL button, select the Account, and choose the Asset.
If you choose a Direct Equity, Hybrid, or Unit in Unit Trust or Managed Fund for disposal, Mclowd will display this screen:
Enter the date of disposal by selecting from the popup calendar.
Enter the Sale Proceeds (sale price) and the Volume sold.
In case you are not disposing of the entire volume at this time, Mclowd needs to know your preference of disposal method. You may choose to sell units
- in the order purchased (earliest purchases first, or more recent purchases first)
- in the most tax efficient manner (Mclowd will calculate this for you)
- in the least tax efficient manner
or you can opt to manually select the specific units to sell.
If you choose to manually select, Mclowd will display a list acquisitions, showing the purchase date, units purchased, average cost per unit, and total cost for each acquisition.
Should you choose one of the automated options (first in first out, last in last out, most tax efficient, or least tax efficient), Mclowd will display the assets parcels with units sold filled out, units left calculated, and long and short term capital gain resulting from this disposal.
Select the Account into which the proceeds of this sale will be deposited.
When you are satisfied with the selection and results, click DISPOSE OF ASSET to finalise the disposal.