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Joint professional body submission on TD 2005/D38

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?

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NATIONAL INSTITUTE OF ACCOUNTANTS
TAXPAYERS AUSTRALIA INC
TAXATION INSTITUTE OF AUSTRALIA
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ICAA
CPA AUSTRALIA

 

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