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🔄 Asset Transfer

Transaction Form — TRANSFER

Asset transfers move securities between broker accounts without a sale. The position leaves one broker and arrives at another — no cash changes hands, and in most jurisdictions this is not a taxable event.

🔑 Key Properties

Property From (source) To (destination)
Code TRANSFER TRANSFER
Cash effect — —
Asset effect ⬇️ Decreases ⬆️ Increases
Broker Source broker Destination broker
Tax event Varies by jurisdiction Varies

📊 How It Works

An asset transfer records two entries: one debit at the source broker and one credit at the destination broker. Both reference the same asset with mirrored quantities.

Common scenarios:

  • Moving shares from one broker to another
  • Inheriting assets
  • In-kind contributions to a different account type (e.g., ISA, 401k)

Cost Basis Preservation

When transferring assets, the original cost basis should be preserved. The transfer itself is not a taxable event in most jurisdictions (though rules vary). LibreFolio allows an optional cost basis override on the receiving side.

See 📊 Weighted Average Cost (WAC) for how the automatic cost basis is computed.

🔀 Relationship with Adjustments

A Transfer is stored as two TRANSFER rows, one per broker, each linked to the other through related_transaction_id. Splitting the pair turns the two rows into independent ADJUSTMENTs, and promoting two Adjustments turns them back into a Transfer:

Operation Result
Split (unlink) Transfer → two independent Adjustments
Promote (link) Two Adjustments → Transfer

Promote constraints: same asset, different brokers, opposite quantities, and neither row linked to an asset event (a split, for instance), since a transfer cannot carry that link.

👵 Succession and Untracked Source Brokers

A true TRANSFER needs two brokers in LibreFolio: source and destination. If the source dossier is outside LibreFolio, the incoming leg is better modeled as a positive cashless ADJUSTMENT with a per-unit cost_basis_override, not as a paired transfer. Crédit Agricole succession rows (GIRO ALTRO DOSSIER, VERS.TITOLI) use this pattern: the inherited securities enter as in-kind capital, no cash DEPOSIT is created, and the origin causale remains in the description for auditability.