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Tax on foreign currency given exchange rate

Answer
Andreea Gherman
Posted Fri, 17 Jan 2025 13:32:52 GMT by Andreea Gherman
I had a small amount of interest (under 2000£) accrued in a foreign currency. However when I transferred the money back into my uk gbp account I ended up losing money due to the exchange rate. Can I offset this from the interest and how?
Answer
HMRC Admin 32 Response
Posted Thu, 06 Feb 2025 11:04:20 GMT by HMRC Admin 32 Response
Hi,
No. When declaring it, you declare it as sterling anyway.
Thank you.

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