CGT Loss on Foreign Property

I have always been a UK resident and bought a holiday home in Spain in 2008 and subsequently sold in 2023. I made a loss on the sale so just wish to confirm the process. Can I declare the loss so that I can offset against the CGT gains from a future rental property I plan to sell? When I declare the loss I understand I convert into all costs into euro's, am I correct to use the exchange rate on the month of purchase as in 2008 the GBP/EUR rate was very volatile.

Hi,

You are correct.

Thank you.