Page 74 - P6 Slide Taxation - Lecture Day 4

5 Steps to calculate gains/losses relating to foreign

exchange transactions:

Identify the TP and

make sure he/she

qualifies for s 24I ?

ID the type of exchange item

Determine the different dates and the ruling

exchange rates on these different dates.

- Transaction date (TD)

- Translation date (TLD)

- Realisation date (RD)