Document ID: chunk:federal_register_of_legislation:C2025C00029:section:7:p39
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 7 (pt 39/40)
Character Range: 1917522–1920207

You make a capital gain equal to the *forex realisation gain.
Note: You cannot make a capital loss under CGT event K10. However, if you make a forex realisation loss covered by item 1 of the table in subsection 775‑75(1), you will make a capital loss under CGT event K11 (see section 104‑265).

104‑265  Certain short‑term forex realisation losses: CGT event K11
 (1) CGT event K11 happens if:
 (a) you make a *forex realisation loss as a result of forex realisation event 2; and
 (b) item 1 of the table in subsection 775‑75(1) applies.
 (2) The time of the event is when the forex realisation event happens.
 (3) You make a capital loss equal to the *forex realisation loss.
Note: You cannot make a capital gain under CGT event K11. However, if you make a forex realisation gain covered by item 1 of the table in subsection 775‑70(1), you will make a capital gain under CGT event K10 (see section 104‑260).

104‑270  Foreign hybrids: CGT event K12
 (1) CGT event K12 happens if, in accordance with paragraph 830‑50(2)(b) or (3)(b), you make a *capital loss under this section for an income year.
 (2) The time of the event is just before the end of the income year.
 (3) You make a capital loss equal to the amount applicable under paragraph 830‑50(2)(b) or (3)(b).

Subdivision 104‑L—Consolidated groups and MEC groups

Table of sections
104‑500 Loss of pre‑CGT status of membership interests in entity becoming subsidiary member: CGT event L1
104‑505 Where pre‑formation intra‑group roll‑over reduction results in negative allocable cost amount: CGT event L2
104‑510 Where tax cost setting amounts for retained cost base assets exceeds joining allocable cost amount: CGT event L3
104‑515 Where no reset cost base assets and excess of net allocable cost amount on joining: CGT event L4
104‑520 Where amount remaining after step 4 of leaving allocable cost amount is negative: CGT event L5
104‑525 Error in calculation of tax cost setting amount for joining entity's assets: CGT event L6
104‑535 Where reduction in tax cost setting amounts for reset cost base assets cannot be allocated: CGT event L8

104‑500  Loss of pre‑CGT status of membership interests in entity becoming subsidiary member: CGT event L1
 (1) CGT event L1 happens if, under section 705‑57 (including in its application in accordance with Subdivisions 705‑B to 705‑E), there is a reduction in the *tax cost setting amount of assets of an entity that becomes a *subsidiary member of a *consolidated group or a *MEC group.
 (2) The time of the event is just after the entity becomes a *subsidiary member of the group.
 (3) For the head company core purposes mentioned in subsection 701‑1(2), the *head company makes