Foreign exchange/CGT

Question

 · Accepted Answer

AriATO · Answer

No its realised when the transaction occurs even though its in foreign currency. For example you have a Capital gains tax event when you sell stock and you need to translate the amounts you receive into AUD at the time you have a right to receive the amount. When you purchase stock as well you need to record the AUD amount at the time of purchase. Take a look at the translation rules on our website

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