Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_2
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 2
Character Range: 77612–79268

2                                                               you make a *forex realisation gain as a result of forex realisation event 4, and:                                                                                                                                                 (a) the forex realisation gain is not included in your assessable income under section 775‑15; and
                                                                (a) the obligation to pay *foreign currency was incurred:                                                                                                                                                                         (b) both the *cost base and the *reduced cost base of the CGT asset are reduced by an amount equal to the forex realisation gain.
                                                                (i) in return for the acquisition of a *CGT asset; or
                                                                (ii) as the second, third, fourth or fifth element of the *cost base of a CGT asset; and
                                                                (b) item 9 of the table in subsection 775‑55(7) applies; and
                                                                (c) the foreign currency became due for payment within 12 months after the time when:
                                                                (i) if subparagraph (a)(i) applies—you acquired the CGT asset (worked out under Division 109); or
                                                                (ii) if subparagraph (a)(ii) applies—you incurred the relevant expenditure