Page 16 - P6 Slide Taxation - Lecture Day 5 - Foreign Exchange

EXCHANGE ITEM REALISATION DATE

A debt in a foreign The date when and the extent to

currency which

- payment is received or made

in respect such debt

- such debt is settled

or disposed of in any other manner .

FEC Date on which payment is received

(Forward exchange or made in respect of such FEC.

contract)