The UK has a concept called dividend equalisation: when a dividend is
paid, everyone who holds the share on the ex-dividend day receives the
same amount of dividend. However, if you didn't hold the share since
the previous ex-divdend day, a part of the dividend paid is from the
time before you bought the share. This amount is called the
equalisation and unlike a real dividend it's not seen as income, but
it has to be deducted from the purchase price of the share for capital
gains tax purposes; i.e. the purchase price is reduced by the amount
of dividend accrued before you purchased it.
This can be modelled in ledger in the following way:
2014-01-01 * Opening balances
Assets:Cash 100.00 GBP
Equity:Opening balances
2014-02-01 * Buy 1 AAA for 10 GBP
Assets:Investments 1 AAA @ 10.00 GBP
Assets:Cash -10.00 GBP
2014-03-01 * Buy 1 AAA for 20 GBP
Assets:Investments 1 AAA @ 20.00 GBP
Assets:Cash -20.00 GBP
; Let's say the second purchase attracts an equalisation of 2.00 GBP.
; This means that the purchase price from now on should be 18.00
; rather than 20.00 GBP. So we add a new share with that price and
; the original date, and remove the existing share at the old price; the
; difference of 2.00 GBP is the equalisation received, which is paid to
; the account.
2014-05-16 * Dividend (Equalisation) from AAA
Assets:Investments 1 AAA {18.00 GBP} [2014-03-01]
@@ 18.00 GBP
Assets:Investments -1 AAA {20.00 GBP} [2014-03-01]
@@ 20.00 GBP
Assets:Broker 2.00 GBP
$ ledger bal --lots assets:investment
1 AAA {10.00 GBP} [2014/02/01]
1 AAA {18.00 GBP} [2014/03/01] Assets:Investments
--
Martin Michlmayr
http://www.cyrius.com/
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