Income Tax Assessment Act 1997
CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX
(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.
PART 4-5 - GENERAL
Division 775 - Foreign currency gains and losses
Subdivision 775-E - Retranslation for qualifying forex accounts
Guide to Subdivision 775-E SECTION 775-265 What this Subdivision is about
If you choose retranslation for a qualifying forex account:
|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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