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Posted Sun, 25 Jun 2023 16:41:53 GMT by Dragan
When selling foreign assets (shares or property) to calculate proceeds in GBP I will use exchange rate from https://www.gov.uk/government/collections/exchange-rates-for-customs-and-vat applicable at the time of the sale. If I purchased it years ago which exchange rate should be used to calculate the costs: the same rate as above (applicable at the time of the sale) or the rate from the time of purchase/acquisition?
Posted Thu, 29 Jun 2023 10:50:09 GMT by HMRC Admin 20 Response
Hi Dragan,

You will need to use the rates from the time of acquisition as your purchase costs.

Thank you.
Posted Mon, 11 Dec 2023 19:55:53 GMT by Dragan
If I have multiple share sales can I choose whether to use: - spot - monthly, or - yearly average rates, or I can choose only one of these three methods? Do I need to apply the same method for all sales, or I can use monthly for one sale and yearly for another?
Posted Mon, 18 Dec 2023 15:31:04 GMT by HMRC Admin 5 Response
Hi Dragan

You can use any of them as long as they are within the tax year and they dont have to be the same.

Thank you
 

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