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Does amortization start accumulating on trade date or settlement date?
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What are the badges of trade?
Badges of trade are the circumstances in which a trade can take place. This is important in accounting because of the differences in taxation with non-trade transactions.
What is scarto tax?
Scarto Tax Explanation- As a generale rule, the rate applied as Substitute tax on Italian Bonds is 12.50% and will be applied if the involved safekeeping account is setup as taxable, i.e. is not covered by proper fiscal documentation allowing relevant tax exemption.Just a brief explanation about how Italian substitute tax works:Taxable clients buying/selling Italian bonds traded on the gross market basis are debited/credited as follows:RECEIPT AGAINST PAYMENT/ RECEIPT FREE: client is Credited with the amount of substitute tax on interests accrued from the previous coupon date of involved security until the settlement date of the trade (and on possible issue discount, i.e. Scarto ).DELIVERY AGAINST PAYMENT/DELIVERY FREE: client is Debited with the amount of substitute tax on interests accrued from the previous coupon date of involved security until the settlement date of the trade (and on possible issue discount ).ON COUPON DATE CLIENT client is debited with the amount of tax related to the whole period (from the previous coupon payment).As a consequence, in case of a trade, just as an example:Period interest rate/days of period(from previous coup. paym to following coup paym)*days from previous coup. paym to settl date = rate of tradeNV*rate of trade%*12.50% = Substitute tax on interestsThe application of the substitute tax for BOT (a particular kind of Governmemnt zero coupon bond) works instead as follows:RECEIVE AGAINST PAYMENT/RECEIVE FREE: client is debited with the amount of the substitute tax on interests accrued from the settlement date of the trade until the maturity date of involved bond.DELIVER AGAINST PAYMENT/DELIVER FREE: client is credited with the amount of the substitute tax on interests accrued from the settlement date of the trade until the maturity date of involved bond.As a consequence, in case of a trade, just as an example:Redemption price-issue price/life of involved bond*days from settl date to maturity date = rate of tradeNV*rate of trade%*12.50% = Substitute tax on interestsJust for your info, "Scarto" is the Italian for "issue discount": if the specific involved bond had a redemption price higher than issue price, an additional piece of 12.50% taxation would be applied on this percentual difference on trades and redemptions.As a consequence, in case of a trade, just as an example and as a general rule:Redemption price-issue price/life of involved bond*days from issue date to settl date = trade issue discount (i.e. Scarto) rateNV*Scarto rate of trade%*12.50% = Substitute tax on ScartoSuch rules can be applied to any kind of bond transaction, independently from the involved kind of trade: no matter if it is free of paym or against paym.
What is the different between trade and non trade account?
Trade accounts are directly linked to core business activity whereas non trade accounts are not. If you are a supermarket, a trade transaction would occur with a supplier, a non-trade transaction could relate to employee benefits.
Why is the owners capital is treated as liabilities?
Owner's is treated as liability to the company/business. this is because ,the owner contribute or say loan the fund to the business to start its opperation and hence produce what to sale/trade and then generate income out of it
Is the tax point for cgt the trade date or the settlement date?
Securities traded on established market. For securities traded on an established securities market, your holding period begins the day after the trade date you bought the securities, and ends on the trade date you sold them.Do not confuse the trade date with the settlement date, which is the date by which the stock must be delivered and payment must be made.Example.You are a cash method, calendar year taxpayer. You sold stock at a gain on December 29, 2009. According to the rules of the stock exchange, the sale was closed by delivery of the stock 3 trading days after the sale, on January 4, 2010. You received payment of the sales price on that same day. Report your gain on your 2009 return, even though you received the payment in 2010. The gain is long term or short term depending on whether you held the stock more than 1 year. Your holding period ended on December 29. If you had sold the stock at a loss, you would also report it on your 2009 return.For more information go to the IRS Government website and use the search box for Publication 17 go to chapter 14
How did goegraphy affect trade and settlement there?
it affect the trade and settlement because people had to go to the Mediterranean Sea
What was the French more interested in settlement or trade?
The real answer is trade
Which organization is charged with settlement of international trade disputes?
World Trade Organisation
What is Average settlement period for trade receivable?
Average settlement period for trade receivables = Average inventory held divided by cost of sales (times 365).
Is stock owned on settlement date or trade date?
Stock is owned on trade date to keep the accruals principle, since the actual settlement date can be much later.
What are the advantages of trading with a trading settlement as compared to just doing a two-way trade?
When you trade at the settlement, You can put on tremendous size and be filled without moving the market.
How did the geography of West Africa influence settlement and trade?
A lot
What was the main source of income for the Jamestown settlement?
Fur Trade.
What allowed a company to trade and build settlement in Americas?
Charter
What is trading settlement?
A community where people come to trade goods.
How did Portuguese settlement of Brazil contribute the the development of the Atlantic slave trade?
Increased the volume of trade in the Atlantic.
How did the Portuguese settlement of Brazil contribute to the development of the Atlantic slave trade?
Increased the volume of trade in the Atlantic.
