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-F
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Retranslation under foreign exchange retranslation election under Subdivision 230-D
Guide to Subdivision 775-F
SECTION 775-290
What this Subdivision is about
(a) a forex realisation gain or a forex realisation loss you make in relation to an arrangement that is not a Division
230
financial arrangement as a result of forex realisation event 1 to 5 or 8 is disregarded; and
(b) forex realisation event 9 enables any gains or losses to be worked out on a retranslation basis.
View history note
Hide history noteIf you have made a foreign exchange retranslation election under Subdivision 230-D :
| 775-295 | When this Subdivision applies |
| 775-300 | Tax consequences of choosing retranslation for arrangement |
| 775-305 | Retranslation of gains and losses relating to arrangement to which foreign exchange retranslation election applies - forex realisation event 9 |
| 775-310 | When election ceases to apply to arrangement |
| 775-315 | Balancing adjustment when election ceases to apply to arrangement |
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