Capital gain from buy and sell foreign currency

Hi HMRC Admin,Would you like to tell me if I have capital gain from buy and sell foreign currency, which section should I fill in the SA108?Other property, assets and gains? Listed shares and securities? Unlisted shares and securities? Thanks in advance.

Hi,

The guidance at CG78300 advises that currency, other than sterling, is a chargeable asset and its disposal can give rise to a chargeable gain or an allowable loss. Exemption is available to individuals in respect of currency representing currency acquired for personal expenditure outside the United Kingdom.  

CG78300 - Foreign currency: introduction

Thank you.

Hi, Thanks for reply. Does it means I need to fill the section under "Other property, assets and gains" to report this gain from currency? Thanks in advance.

Hi,
 

Yes, that is correct.  The Gain will be reported in the section “Other property, assets and gains” . Thank you.