Page 78 - P6 Slide Taxation - Lecture Day 4
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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.