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Income Tax Act 2007

Income - Income specific to certain entities

CV 18: Hedging of currency movements in Australian non-attributing shares and attributing FDR method interests

You could also call this:

“Income from hedging currency changes in specific Australian shares”

You can earn income from hedging currency movements in certain Australian shares. This applies to non-attributing shares and attributing FDR method interests. The amount of income you get is determined by section EM 6. This section talks about income and spending for fair dividend rate hedge portions. Whatever amount you get from this is counted as your income.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5490846.

Topics:
Money and consumer rights > Taxes
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Part C Income
Income specific to certain entities

CV 18Hedging of currency movements in Australian non-attributing shares and attributing FDR method interests

  1. The amount of income that a person has under section EM 6 (Income and expenditure for fair dividend rate hedge portions) is income of the person.

Notes
  • Section CV 18: inserted, on , by section 12 of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).