Income Tax Assessment Act 1997
View history note
Hide history noteThe forex cost base of a right, or a part of a right, to receive *foreign currency is the total of:
(a) the money you:
(i) paid; or
(ii) are required to pay; or
in respect of acquiring the right or part of the right; and
(iii) would be required to pay in the event of the exercise of an option;
(b) the *market value of any *non-cash benefit you:
(i) provided; or
(ii) are required to provide; or
in respect of acquiring the right or part of the right;
(iii) would be required to provide in the event of the exercise of an option;
reduced by any amounts that are deductible under a provision of this Act other than this Division.
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