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Posted Mon, 10 Jun 2024 14:14:54 GMT by L lyluk2023
Many years ago, before becoming a tax resident in the UK, I used foreign currency X to buy foreign currency Y. I became a tax resident in the UK in the 2023/24 tax year and converted foreign currency Y to sterling to support my living here. Do I need to report such conversion (from Y to sterling) in the 2023/24 self-assessment? If yes, how? Report this under capital gain tax?
Posted Thu, 13 Jun 2024 13:50:29 GMT by HMRC Admin 20 Response
Hi,
If this is for personal use only then no.
Thank you.

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