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Booking for Share Investment via a Trust

Discussion in 'General Investing Discussion' started by Strawbs, 15th Jan, 2013.

  1. Strawbs

    Strawbs Member

    Joined:
    27th Aug, 2012
    Posts:
    10
    Location:
    Melbourne
    Hi All,
    We have established a Trust structure for our share investments. Can anyone point me to a website/book which outlines the standards for book keeping when purchasing, selling, etc?

    Thanks.

    PS I recently posted a request to clarify the purchase of shares but since then we have sold some, received dividends and the like so I am looking for something a bit more comprehensive.
     
  2. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    653
    Location:
    Sydney
    I use a discretionary trust to own and trade shares. I just plug my trades into an excel spreadsheet. Not much book keeping needed.
     
  3. Strawbs

    Strawbs Member

    Joined:
    27th Aug, 2012
    Posts:
    10
    Location:
    Melbourne
    Thanks Terry. I also use Excel given the volumes are pretty small for me (I purchase every quarter).

    My question was meant to be more about the standards that need to be applied when buying and selling shares in addition to receiving dividends. For example, I know that when buying shares the brokerage fees need to be capitalised but what is the entry for selling?