Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_50
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 50
Character Range: 32292–33566

50  After section 104‑255
Insert:

104‑260  Certain short‑term forex realisation gains: CGT event K10

 (1) CGT event K10 happens if:
 (a) you make a *forex realisation gain as a result of forex realisation event 2; and
 (b) item 1 of the table in subsection 775‑70(1) applies.

 (2) The time of the event is when the forex realisation event happens.

 (3) 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).