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Fx Gains

  • 25-02-2018 3:35pm
    #1
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭


    Section 79C TCA stipulates fx gains by a company are to be assessed as trading receipts when in relation to trade funds.
    Does this apply also to non incorporated traders, or can such gains be deducted in arriving at adjusted profits and assessed to CGT?


Comments

  • #2
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭Heisenburg81


    Heisenburg81 wrote: »
    Section 79C TCA stipulates fx gains by a company are to be assessed as trading receipts when in relation to trade funds.
    Does this apply also to non incorporated traders, or can such gains be deducted in arriving at adjusted profits and assessed to CGT?

    BUMP


  • #3
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,633 ✭✭✭✭Marcusm


    In what circumstances do the gains arise; you confusingly refer to traders and CGT. These concepts are generally mutually exclusive.


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