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Posted Wed, 15 Nov 2023 18:44:40 GMT by
Hi there How are you. Before I am an UK tax resident, I bought some USD and have used it to trade US stocks. In 23/24 tax year, I firstly become an UK resident. In October 2023, I sold some of those USD for GBP (£45,000) and will keep this GBP in UK for savings interest and local expenses. Shall I filing this trades in self-assessment 23/24 tax year?
Posted Fri, 17 Nov 2023 14:15:27 GMT by HMRC Admin 25 Response
Hi YEUNG,
Please have a look at the guidance at CG78310, regarding foreign currency - assets acquired or sold for currency.
You may find there is a capital gain arising when you sold the shares and converted the dollars to sterling.
CG78310 - Foreign currency: assets acquired or sold for currency
Thank you. 

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