The Forex election ??
Sep 5th 2004, 9:43 am
#1
Lost in BE Cyberspace
Thread Starter
Joined: Mar 2003
Posts: 9,397
The Forex election ??
Like many of us, I will keep the odd account in the UK to service my UK credit card purchases in Oz and elsewhere.
I intend to make a Forex Election as discussed in the forum to get out of the tax implications of varying exchange rates during a year.
However, the ATO site has all the information on the Forex Election under "Large Corporations and Multinationals".
Don't think I qualify!
Is this just an oversight on the ATO's part? Does it still encompass individuals? (The example shows one "Joe Taxpayer", which implies an individual!
I intend to make a Forex Election as discussed in the forum to get out of the tax implications of varying exchange rates during a year.
However, the ATO site has all the information on the Forex Election under "Large Corporations and Multinationals".
Don't think I qualify!
Is this just an oversight on the ATO's part? Does it still encompass individuals? (The example shows one "Joe Taxpayer", which implies an individual!
Last edited by Rog Williams; Sep 5th 2004 at 12:52 pm. Reason: Spelling
Sep 6th 2004, 1:16 am
#2
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: The Forex election ??
Yes, these provisions affect individuals as well as corporates Roger.
Best regards.
Best regards.
Originally Posted by Rog Williams
Like many of us, I will keep the odd account in the UK to service my UK credit card purchases in Oz and elsewhere.
I intend to make a Forex Election as discussed in the forum to get out of the tax implications of varying exchange rates during a year.
However, the ATO site has all the information on the Forex Election under "Large Corporations and Multinationals".
Don't think I qualify!
Is this just an oversight on the ATO's part? Does it still encompass individuals? (The example shows one "Joe Taxpayer", which implies an individual!
I intend to make a Forex Election as discussed in the forum to get out of the tax implications of varying exchange rates during a year.
However, the ATO site has all the information on the Forex Election under "Large Corporations and Multinationals".
Don't think I qualify!
Is this just an oversight on the ATO's part? Does it still encompass individuals? (The example shows one "Joe Taxpayer", which implies an individual!
Sep 6th 2004, 6:47 am
#3
Lost in BE Cyberspace
Thread Starter
Joined: Mar 2003
Posts: 9,397
Re: The Forex election ??
Thanks, Alan. My bit of paper is stashed away!
Sep 6th 2004, 7:49 am
#4
High in the Dandenongs
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
Re: The Forex election ??
Re: The Forex election ??
I won't even begin to tell you what i thought that said!!!
I won't even begin to tell you what i thought that said!!!
Sep 6th 2004, 8:29 am
#5
Lost in BE Cyberspace
Thread Starter
Joined: Mar 2003
Posts: 9,397
Re: The Forex election ??
Originally Posted by hevs
Re: The Forex election ??
I won't even begin to tell you what i thought that said!!!
I won't even begin to tell you what i thought that said!!!
