Author Topic: Aussie's receiving foreign dividends help needed.  (Read 1119 times)

gogo419

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Aussie's receiving foreign dividends help needed.
« on: August 04, 2015, 02:34:31 AM »
Fellow Australian's,

Hoping someone can help me here. If am receiving foreign dividends/capital gains what exchange rate should i use for converting to AUD for tax return purposes.

Cheers gogo

marty998

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Re: Aussie's receiving foreign dividends help needed.
« Reply #1 on: August 04, 2015, 03:30:36 PM »
Assuming you haven't brought this money back to Australia/AUD?

You can use either the spot rate on the day of the transaction or if you have multiple transactions you could use an average for the year. RBA website updates daily with FX rates for major currencies - you can download as a csv table.

Not sure if there is a specific ruling you can rely on. Try the ATO website.