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Posted Thu, 23 Mar 2023 08:10:30 GMT by John P
Hello, I had a property that is nationalised for the to be built motorway abroad and I was paid a sum for the land I purchased many years ago. There would be a gain from that nationalisation. In the same tax year I incurred loss from a sale of investment fund. My question is can the capital loss from the sale of fund be deducted from the gain on the nationalization of the land. Thnnaks.
Posted Thu, 23 Mar 2023 11:56:48 GMT by John P
Another question: The money for the nationalisation was paid to a reserve account not under my name or my account in November 2022. However I received the money in my account only in January 2023 when the procedures were completed. I assume I should use the GBP exchange rate in January 2023 rather than November 2022, am I correct? Thanks.
Posted Tue, 28 Mar 2023 16:43:22 GMT by HMRC Admin 18

Yes to both.

Thank you.

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