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Foreign exchange

Answer
priscilla Kwok
Posted Wed, 04 Dec 2024 10:17:11 GMT by priscilla Kwok
I have an bank account in Hong Kong. I had bought GBP from HKD at different rate . Now the exchange rate is high, I want to sell some of the GBP back to HKD. When the rate goes lower, I buy the GBP with HKD again. Do I need to pay tax on these transaction?
Answer
HMRC Admin 19 Response
Posted Mon, 09 Dec 2024 12:02:10 GMT by HMRC Admin 19 Response
Hi,
You can see guidance here:
CG78300 - Foreign currency: introduction
Thank you.

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