Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_6:p4
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 6 (pt 4/4)
Character Range: 62425–63523

(the proceeds are worked out as at the tax recognition time); and
 (b) some or all of the excess is attributable to a *currency exchange rate effect.
The amount of the forex realisation loss is so much of the excess as is attributable to a currency exchange rate effect.

Note 1: For proceeds of assuming the obligation, see section 775‑95.

Note 2: For tax recognition time, see subsection (7).

Note 3: For currency exchange rate effect, see section 775‑105.

Non‑cash benefit

 (6) The amount you paid in respect of the event happening can include a *non‑cash benefit. Use the *market value of the benefit to work out the amount you paid.

Tax recognition time

 (7) For the purposes of this section, the tax recognition time is worked out using the table:

Tax recognition time
Item                  In this case...                                                                                                                                                                                                                                                       the tax recognition time is...