Skip to main content

beta This is a new service – your feedback will help us to improve it.

Sole trader income in foreign currency

Posted Tue, 08 Aug 2023 20:09:06 GMT by
I am paid in US dollars every month as part of a contract. If the exchange rate changes between the day I received the money and the day I convert it back into GBP, will I have to record capital gains (or losses)?
HMRC Admin 10 Response
Posted Tue, 15 Aug 2023 11:50:05 GMT by HMRC Admin 10 Response
Hi
No there is no capital gain.

You must be signed in to post in this forum.