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Thank you for that. It's quite surprising the ATO doesn't have...

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Chrislechat

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118

20/07/20

00:53

Post #: 45969934
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Originally posted by Headhunter: ↑

As a general rule of thumb you determine your cost base by converting the foreign currency to AUD at the time you bought the shares and similarly you convert the foreign currency for the capital proceeds at the time of the disposal.

However, the foreign currency translation rules along with their interaction with foreign currency gain/loss rules can become quite complex/messy very quickly. As such I recommend that you go see a tax agent/accountant to get your tax done.

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Thank you for that.
It's quite surprising the ATO doesn't have this information readily available, even a decent amount of googling couldn't find anything.
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