SolvedIFM28090 | Real Estate Investment Trust : Distributions: administration: attributions and reconciliation: summary of examples
From HM Revenue & Customs · Investment Funds Manual
The tables on this page and at IFM28085 and IFM28095 summarise the examples in IFM28075 and IFM28080.
Reconciliation for a.p.e. 31 December 2016
Following on from the reconciliation for the previous accounting period (see IFM28085), the reconciliation for distributions paid in the next accounting period, ending 31 December 2016, would then look like the table below.
| Category | reserves b/f | adjust-ments to b/f | allocate 2015 profits | 31.12.15 |
final
| balance | Feb 2016 distribution | Sept 2016 distribution | reserves c/f | |||||
|---|---|---|---|---|---|---|---|---|
| (a) | - | - | - | - | - | - | - | |
| (aa) | - | - | 900 | 900 | (900) | (540) | (540) | |
| (b) | 100 | - | 200 | 300 | (250) | (60) | (10) | |
| (c) | - | - | 100 | 100 | - | - | 100 | |
| (d) | - | - | - | - | - | - | - | |
| (e) | 100 | - | - | 100 | - | - | 100 | |
| totals | 200 | - | 1,200 | 1,400 | (1,150) | (600) | (350) |
The first column is the reserves brought forward from the 2015 reconciliation.
The second column shows any adjustments to the reserves brought forward (none in this example).
The third column shows how the profits of 2015 are divided up between Categories (a) to (c).
The fourth column shows the reserves at 31.12.15 with the inclusion of the profits for the year.
The fifth column shows how the final distribution for profits of 2015 is attributed entirely to Categories (a) and (b).
The sixth column shows how the interim distribution for profits of 2016 is earmarked entirely to Categories (a) and (b).
The final column shows how the reserves stand at the year end. As the profits for the year to 31 December 2016 have not been struck, they do not feature in the reconciliation of distributions paid in the year.
Attribution of 2015 final distribution
This is derived from the fourth column.