Reporting Losses

Hi, I have accrued a loss of almost £1300 in currency conversions (converting GBP to other currencies and then converting it back to GBP). How do I report this loss in the self assessment? Thank you

Hi,

It depends on whether these are used for personal use or whether you are trading. You can see guidance here: 

CG78300 - Foreign currency: introduction

If trading, you need to tailor your return at section 3 to complete the capital gains section.

Thank you.