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IRIS does not provide computations for consolidations or share splits, however there is a mechanism for recording the event date to ensure the import of dividends is done correctly.
Edit | Capital Assets
Select Shareholdings on the left hand side.
Highlight the relevant shareholding.
Click Events.
Click Consolidation / Share Split and enter the date.
The Consolidation and Share Split buttons records the holding details as they are before editing the holding and events to adjust them for the consolidation or share split. The recorded holding is used to ensure any existing imported dividends remain unchanged even though the holding has been revised for capital gains purposes. The recorded holding is also used for non-imported dividends to print the correct holding on the report.
Mr X buys 800 XYZ Ltd shares on 1/1/1995 and another 200 on 1/1/1996.
XYZ Ltd pay a dividend of 5p/share on 1/9/2000 and 8p/share on 1/3/2001.
There is a consolidation on 1/1/2001 of one share for every two held.
The dividend at 1/9/2000 should be £50 (1,000 x 5p). The dividend at 1/3/2001 should be £40 (500 x 8p).
The consolidation is achieved by:
Importing or entering all dividends prior to the consolidation date
Entering a consolidation date 1/1/2001.
Editing the original holding entered (reduce 1/1/95 to 400 shares and 1/1/96 to 100 shares).
If a consolidation or share split date is not entered non-imported dividends will still be correctly shown on the return and computation but the wrong holding will be printed on the schedules of data. Imported dividends will not be correct on the return, computation or schedules of data.