Transfer fund from another entity and subscribe a new one

English Transactions
1

Hi.

Currently I have transferred a fund to an entity and at the same time I have transferred the money with its earnings to another new fund.

How can I represent this on pp? Is there any option?

Since I have not made a profit and I have transferred all the money.

For example:

Fund 1
10 share * 10 $ = 100$
Fund 1 → 15% → 100 * 1.15 = 115$

Trasfer Fund 1 to Fund 2
115$ Fund 2

Thank you so much
Greetings, Vicente.

2

Hey Vicente,

sorry, I do not use PP in English translation on a daily basis. What do you mean by “entity”?

Basically you represent the scenario in PP as it went in reality. If you sold Fund 1 you book it as “sell”, and purchase Fund 2 thereafter. Most liekely we can be of better help if you detail a bit more what you did in reaity.

Take care

3

Hi Harry.

Sorry for my words since they are translated with the translator :wink:

With entity I wanted to refer to bank.

The problem is that I have not sold the funds, I have only changed the money from one to another.

Fund 1 to Fund 2
Example “Vanguard Japan Stock Index” to “Vanguard U.S. 500 Stock Index Fund EUR Acc”

My profit is 0 for the moment.

Thank you so much Harry_Hirsch

4

so, what would be your definition of selling and of profit?

you purchased X shares of Fund 1, held it for some time and then you “changed it”. So you now have 0 shares of Fund 1 and Y shares of Fund 2, right?

what did you ask your bank to do? Was it a “change request”? Did you get any documentation from the Bank of this transaction?

may I ask what your mother tongue is? maybe there is a language barrier with the word selling?

5

“you purchased X shares of Fund 1, held it for some time and then you “changed it”. So you now have 0 shares of Fund 1 and Y shares of Fund 2, right?”

Yeah that’s right

“what did you ask your bank to do? Was it a “change request”? Did you get any documentation from the Bank of this transaction?”

Yes was a “change request”.

I’m spanish.

For fiscal purposes I have not had benefits because they are funds and no shares.

6

@VFA1991 seems right but I’m not an accountant. I’d be guided by the tax system, so if transfer recognised as:

  • original value (ie no tax event) - transfer at original cost price
  • new settlement (ie tax event) - transfer at new value
7

This would be the case, but in PP does not appear that option.

8

for PP purposes you have two transactions. one outbound delivery at the change date with the closing price of that day for Fund 1 and an inbound delivery of Fund 2 with the shares you now have and the total price matching the outbound delivery.

Fiscal “issues” are of no relevance for PP since it only tracks performance and is no tool for tax filing :slight_smile:
And in that sense you have made profit/return with the increase in value from Fund 1.

9

Yes, you really are right :slight_smile:

10

Naive view. The fact PP doesn’t track tax is irrelevant, tax accounting can still be a useful guide for financial transactions. OP has “not made a profit and I have transferred all the money”. In this case the original transaction effectively applies to the OP, especially since that is the one used for tax (which is still relevant).