Offsetting Losses Incurred When Realizing Securities Denominated in Foreign Currencies Held During a Period of Decline for the Foreign Currency.

In their article published in Missim (Feb. 2015), Gil Grady, Molly Kelner and Shlomo Aviad Zider address the issue recognition of losses incurred by an individual taxpayer when realizing securities denominated in or linked to a foreign currency during a period when the foreign currency has decreased in value. The article discusses various approaches to interpreting the provisions of the Income Tax Ordinance on this matter.