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Exchange rate on sale of US Shares

Pet
Posted Mon, 08 Jul 2024 21:31:54 GMT by Pet
HRMC Admin, I've sold some US shares in Nov 2023, which were purchased in Dec 2020 and Nov 2021. For declaration of Capital Gain Tax, do I need to use the exchange rates in Dec 2020 and Nov 2021 to calculate the costs of shares? Or simply use the exchange rate in Nov 2023? Thanks.
HMRC Admin 19 Response
Posted Tue, 16 Jul 2024 11:17:21 GMT by HMRC Admin 19 Response
Hi,

It is the exchage rate in the tax year of purchase.

Thank you.

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