Tax on currency exchange?
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Joined: Jan 2004
Posts: 47
Tax on currency exchange?
I am forward buying Oz dollars for my move in a few months. Are there any tax implications in Oz on such transfers?
I have heard that all forign transactions into an Australian bank account are logged by the ATO. Is this the case?
Thanks
I have heard that all forign transactions into an Australian bank account are logged by the ATO. Is this the case?
Thanks