Published on 24 May 07
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The foreign exchange rules remain a mystery to many advisors. This paper examines, through a series of case studies, the anomalous and inconsistent outcomes that can arise when applying these rules to common financing methods including:
foreign currency denominated loans and RPS
AUD denominated loans coupled with a foreign currency swap
The case studies also consider certain issues arising from investing in foreign currency denominated investments, including:
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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