Income Tax Assessment Act 1997
View history note
Hide history noteIf you acquire *foreign currency as a result of forex realisation event 2 or 3:
(a) the first element of the foreign currency's *cost base is replaced by the foreign currency's *market value at the time you received the foreign currency; and
(b) the first element of the foreign currency's *reduced cost base is replaced by the foreign currency's market value at the time you received the foreign currency.
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