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Capital Gains in India and Losses in UK

Answer
Sruthi1442
Posted Fri, 15 Nov 2024 12:29:03 GMT by Sruthi1442
I am a resident in UK .I have capital gains in India and capital losses in UK from sale of securities. Can I set off this Losses in UK with gains in India. Please comment
Answer
HMRC Admin 17 Response
Posted Tue, 19 Nov 2024 10:17:09 GMT by HMRC Admin 17 Response

Hi ,
 
Yes. 

You need to convert your Indian gains to GBP sterling to be able to set UK losses against them. 

This would need to be reported to HMRC.

Thank you .

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