The Change in the Net Market Value and the Tax Reconciliation Report

The change in the net market value and the tax reconciliation report

The accounting profit is at market value, and the fund is taxed on the actual "profit" and not unrealised profits, therefore as the accounting profit is at market value the reconciliation takes off the increase and adds back the decrease in Net Market Value so that the fund can taxed on the actual "profit".

Program and version

SuperFund, all versions