Income Tax Assessment Act 1997



Division 104 - CGT events  

Subdivision 104-K - Other CGT events  

SECTION 104-260   Certain short-term forex realisation gains: CGT event K10  

CGT event K10 happens if:

(a) you make a *forex realisation gain as a result of forex realisation event 2; and

(b) item 1 of the table in subsection 775-70(1) applies.

The time of the event is when the forex realisation event happens.

You make a capital gain equal to the *forex realisation gain.


You cannot make a capital loss under CGT event K10. However, if you make a forex realisation loss covered by item 1 of the table in subsection 775-75(1) , you will make a capital loss under CGT event K11 (see section 104-265 ).


Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.