Publisher
Ministry of Finance has explained how to determine the costs for the sale of securities
Upon
the sale of acquired  before January 1, 2010 securities traded on an
organized market of securities (securities market), the cost is taken
into account the actual price of the purchase. This statement was made Russia's Finance Ministry in a letter dated 26.08.11 № 03-03-06/1/522.When
selling securities expense is recognized acquisition cost of securities
sold, adjusted to the prescribed method, the taxpayer (paragraph 3 of
Art. 329 Tax Code). In
case the securities acquired before 1 January 2010, but sold after that
date, the question arises: is it possible to take into account the cost
of securities sold actual price? This issue is caused by changes made in paragraph 5 of Article 280 of the Tax Code of Federal Law 25.11.09 № 281-FZ. Recall
amendments established that the sale (purchase) of securities at a
price below the minimum (above the high) transactions in the securities
market financial outcome is determined by the minimum (maximum) price. This rate is valid from 1 January 2010. Until that time, such a restriction in Article 280 of the Tax Code was not.However,
as explained in the Finance Ministry, if the company after January 1,
2010 sold traded on the securities market securities that were purchased
before this date, then the cost it would take into account the actual
amount at which acquired these securities. Even if this cost is higher than the highest price prevailing in the securities market.
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| Category: My articles | Added by: AleksandroVSD (23.09.2011)
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