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Foreign Currency Gain/Loss Calculator

Calculate AUD taxable gains and losses on foreign currency transactions under ITAA 1997 Div 775. Applies 12-month CGT discount and personal-use exemptions. Essential for expats holding USD, GBP, EUR, SGD accounts.

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Tax residency status Marginal tax rate (%) Incl. Medicare levy. Max 47% for residents. Personal-use rule applies? Gains ≤ $250 AUD from personal accounts are exempt ATO translation method

Foreign Currency Transactions

Enter each purchase (acquisition) and sale (disposal) of foreign currency. The calculator converts to AUD and applies CGT rules.

#	Currency	Type	Amount (foreign)	AUD rate at purchase	AUD rate at sale	Held >12 months?
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Key ATO Foreign Currency Rules

Division 775 — Foreign Currency Gains & Losses

FX gains/losses on revenue accounts (business, bank accounts) are ordinary income — no CGT discount applies. FX gains on capital accounts (investments held >12 months) can qualify for 50% CGT discount if you're a resident individual.

Personal-Use Exemption (s 775-70)

FX gains of $250 or less from accounts used solely for personal living expenses while overseas are exempt. Losses on personal-use FX are disregarded. The exemption does not apply to investment accounts.

Non-Residents

As a non-resident, you are only taxable on AUD gains from Australian-source FX transactions. Gains from foreign currency bank accounts held offshore are generally not assessable in Australia — but may be taxable in your country of residence.

Translation Rate

Use the ATO's published exchange rates or the actual rate on the day of the transaction. The same method must be applied consistently throughout the year. Monthly average rates are acceptable for frequent small transactions.