When processing funds, there are situations where the investment has been fully disposed in the middle of the Financial Year, but the Annual Tax Statement is received after 30 June.
On the Annual Tax Statement, there is a First Element, Capital Return or AMIT adjustment, this will affect the tax cost base of the investment.
If the Distribution - tax Statement/Annual Tax Statement event is processed as at 30 June, an error will occur when running the Period Update.
- Process the Disposal Event
- When the Annual Tax Statement information is received, process Distribution - Tax Statement one day before the Disposal.
When Class has the tax statement ratio ready, Generate the Tax statement from Tax Statement console. Tick the checkbox to "Use Distribution Date", so the date of the Tax Statement will be the same date with the distribution date.