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Joint professional body submission in relation to TD 2005/D49

Published on 18 Nov 05 by THE TAX INSTITUTE

A joint professional body submission in relation to the draft tax determination TD 2005/D49 Income tax: foreign currency gains and losses: where an amount of exempt income is paid directly into a foreign currency denominated bank account, will subsection 775-35(1) of th Income tax Assessment Act 1997 operate to disregard any forex realisation loss made on withdrawal of that amount?

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NATIONAL INSTITUTE OF ACCOUNTANTS
Current at 19 November 2004
 
TAXPAYERS AUSTRALIA INC
Current at 19 November 2004

TAXATION INSTITUTE OF AUSTRALIA
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ICAA
Current at 19 November 2004

CPA AUSTRALIA
Current at 19 November 2004

 

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