Cost Basis in Pies

🥧 Pies & AutoInvest
1

Hi,

I was wondering if somebody could clarify how partial selling in pies works?
For example, when I sell 1/3 of a position and I need to report that to my tax office, how do I determine the cost basis for those shares? Is it First In First Out? Am I supposed to export all the buys for that stock and calculate it or is there more effective way?

Thanks alot for any info…

2

The cost basis for tax purposes will need to be done in line with your countries tax policy.

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3

The cost basis is your average price over all your shares of the same company, so for example;

10 shares at £10 + 10 shares at £20 = 20 shares at £15

If you then sold 10 shares at £20, it would be a £5 gain per share, totalling £50 in gains from the shares that you’ve sold.

Hope that helps! :upside_down_face:

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