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Home / Tolley's Global Mobility: Personal Taxes /Australia /AU3 Other considerations in Australia /AU3.3 Local currency and foreign exchange gains / AU3.3.2 Taxation of foreign exchange gains where an election is made to apply the taxation of financial arrangements regime
Commentary

AU3.3.2 Taxation of foreign exchange gains where an election is made to apply the taxation of financial arrangements regime


Australia

Where a taxpayer makes an election to apply the taxation of financial arrangements regime, this should normally give the same result as in the base case under Division 775, as discussed in AU3.3.1. The main differences are as follow:

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    •ÌýÌýÌýÌý The exception preventing private or domestic foreign exchange gains from being assessable applies only to foreign currency

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