Published on 17 Feb 06
by THE TAX INSTITUTE
Joint professional body submission sent to the ATO in relation to the draft tax determination TD 2006/D5 Income tax: where there is a disposal of foreign currency or a right to receive foreign currency and forex realisation event 1 happens, is the amount attibutable to a currency exchange rate effect determined by subtracting the non-forex component of the capital gain (or loss) from the overall capital gain (or loss)?
TAXPAYERS AUSTRALIA INC
TAXATION INSTITUTE OF AUSTRALIA
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