![]() ![]() Section 775-15 states that foreign gains are assessable when they are realised unless it is a gain of a domestic or private nature, such as when you go travelling overseas on holidays or purchase goods for personal use. ![]() The Division effectively caters for all types of foreign currency transactions including having a foreign currency denominated bank accounts and shares, overseas rental properties, trading stock, hedging transactions as well as the purchase and subsequent disposal of capital assets. The tax treatment of foreign currency gains and losses is discussed in Division 775 of the Income Tax Assessment Act 1997. What sections of the ATO tax acts is foreign currency trading? That is cash base online trading with no physical goods exchange? ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |