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Taxation of foreign exchange gains and losses for corporates presentation


In a volatile exchange rate environment, it is important that taxpayers understand the complex rules governing the taxation of foreign exchange gains and losses. This presentation provides an overview of the manner in which the disparate regimes in Division 230 (TOFA), Division 775, the translation rules in Division 960 and “legacy” regimes interact. It also covers some practical case studies aimed at non-financial institution corporate taxpayers who may have:

  • entered into financing arrangements in foreign currency;
  • entered into foreign currency derivatives;
  • made investments in foreign currency denominated assets;
  • made outbound investments in foreign currency.

Author profiles

Abdol Mostafavi CTA
Photo of author, Abdol MOSTAFAVI Abdol is Special Counsel in the Sydney office of Greenwoods & Herbert Smith Freehills. with over 16 years of tax experience. He advises on a wide range of corporate and trust tax issues, with a particular focus on the financial services, property and energy sectors, M&A transactions and corporate group restructures. Abdol's particular areas of expertise include international tax, the taxation of financial arrangements, and the tax consolidation regime. - Current at 15 September 2014
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Craig Marston CTA
Craig Marston is a Senior Manager with more than a decade of tax experience. Craig recently joined KPMG, after six years with Greenwoods & Herbert Smith Freehills where he advised private and ASX listed companies and trusts on a broad range of income tax issues from the consolidation regime to TOF to general corporate/M&A matters and managing ATO engagements. Craig has worked with several Australian banks and life/funds management groups as well as various listed and foreign private property trusts. Craig has also assisted high net worth individuals and family groups with managing their tax affairs. - Current at 13 April 2016
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This was presented at Corporate Tax Masterclass .

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