Published on 11 Nov 05
by THE TAX INSTITUTE
A joint professional body submission in relation to the draft tax determination TD 2005/D38 Income tax: foreign exchange: when calculating the amount of any gain or loss on disposal or redemption of a traditional security denominated in a foreign currency should the amount relevant to the calculation be translated (converted) into Australian dollars when each of the relevant events take place?
NATIONAL INSTITUTE OF ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA