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Accounting, Tax & Financial Advice

Tag: foreign exchange

Are Foreign Exchange Gains Taxable?

Since the introduction of s775 the general answer is, yes foreign exchange gains are taxable, and conversely foreign exchange losses are deductible. There are a range of exemptions and elections that can minimise or remove some gains or losses. The rules are relevant to all taxpayers and often have consequences for expats with foreign currency… Read More Are Foreign Exchange Gains Taxable?

October 20, 2012August 19, 2013 Lindsay BridglandLeave a comment

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