When processing a Property Sale Settlement event on a date later than the deposit event, capitalised selling costs ticked do not flow into the Realised Capital Gains Report. In addition, under Investment > Browse Holding Accounts, those costs appear in the cost base, even though the remaining quantity is 0.
Class considers the property sold on the contract date. Since the selling costs are capitalised after that, they are capital improvements added to the sold property.
To resolve this issue, there are two scenarios:
Scenario 1: Properties with a depreciation worksheet
Scenario 2: Properties without a depreciation worksheet
Properties with a depreciation worksheet
Navigate to Fund Level > Investments > Depreciation Worksheet
- Change the date of the capital improvement to before contract date
- Choose "Sell all"
Properties without a depreciation worksheet
Option 1: In the Property Sale Settlement event, make the settlement date the same as the deposit date
Option 2: Process the capitalised costs separately as Property Capital Improvement, before the contract date