Page 78 - P6 Slide Taxation - Lecture Day 4
P. 78

EXCHAGE ITEM REALISATION DATE





     FCOC                                                       The date on which:


     (Foreign currency option                                   - payment is received or made for

     contract)                                                     the right in terms of the FCOC


                                                                   having been exercised, or

                                                                - the FCOC expires without that


                                                                   right having been exercised, or


                                                                - FCOC is disposed of.







     A unit of foreign currency                                 Date on which it is disposed of.
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