Is the loss on variations in foreign currency deductible?

 Author: deloulou(Newbie)Newbie

5 May 2026

Hi all,

Just a quick question regarding the nature of a specific business expense. In a case study where a small business incurred a foreign exchange loss due to exchange rate changes between the time invoices were raised and paid, would said amount be tax-deductible?

Thanks for your assistance!

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