Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4
Character Range: 6888581–6889828

4                                                                 item 4 of the table in subsection (1) applies in relation to a project amount       the forex realisation gain exceeds the pool value of the project pool for the income year in which you incurred the project amount             the excess is included in your assessable income.

 (3) To the extent that a *forex realisation gain:
 (a) would have been included in your assessable income under section 775‑15 if this section had not been enacted; and
 (b) would, apart from this subsection, be included in your assessable income under another provision of this Act;
the gain is not included in your assessable income under that other provision.

775‑75  Tax consequences of certain short‑term forex realisation losses
 (1) The following table has effect unless you have made a choice under section 775‑80:

Tax consequences of certain short‑term forex realisation losses
Item                                                             In this case...                                                                                                                                                                                                                   this is the result...