Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
PART 4-5
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GENERAL
Division 775
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Foreign currency gains and losses
Subdivision 775-E
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Retranslation for qualifying forex accounts
Guide to Subdivision 775-E
SECTION 775-265
What this Subdivision is about
(a) a forex realisation gain or a forex realisation loss you make in relation to the account as a result of forex realisation event 2 or 4 is disregarded; and
(b) forex realisation event 8 enables any gains or losses to be worked out on a retranslation basis.
View history note
Hide history noteIf you choose retranslation for a qualifying forex account:
| Operative provisions | |
| 775-270 | You may choose retranslation for a qualifying forex account |
| 775-275 | Withdrawal of choice |
| 775-280 | Tax consequences of choosing retranslation for an account |
| 775-285 | Retranslation of gains and losses relating to a qualifying forex account - forex realisation event 8 |
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