Page 77 - P6 Slide Taxation - Lecture Day 4
P. 77

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)
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