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  Foreign exchange 2013

Taxation of foreign exchange gains and losses for corporates

Source: New South Wales

Published Date: 23 Oct 2013

 

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.

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Author(s)

Individual Session

Taxation of foreign exchange gains and losses for corporates

Author(s): Craig Marston CTA , Abdol Mostafavi CTA
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