Skip to main content

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

Posted Wed, 13 Sep 2023 15:54:42 GMT by
I'm calculating capital gain from the sale of listed shares trading in foreign currency. For the purposes of capital gain calculation I understand that I need to convert sale proceeds into GBP at the exchange rate precisely on the date of disposal. Can I use exchange rates published on Bank of England website for this 

[Link removed = Admin]
Posted Thu, 21 Sep 2023 08:52:15 GMT by HMRC Admin 20 Response
Hi andy1,

You can use either the exchange rate at the time of acquisition and disposal or the average for the year.
You need to convert the money to UK sterling prior to working out any gain. HMRC exchange rates can be found here:
Exchange rates from HMRC in CSV and XML format

Thank you.
 
Posted Thu, 21 Sep 2023 12:21:42 GMT by
I'm using FX rate on the day of the transaction (acquisition and then diaposal). I can't find daily HMRC FX rates for 2022, so that i could select FX rate for the relevant day. Could you send the link to daily HMRC FX rates? If not, can I use daily FX rates published on Bank of England website?
Posted Fri, 29 Sep 2023 16:02:29 GMT by HMRC Admin 25 Response
Hi andy1,
Please see this guidance for help:
Exchange rates from HMRC in CSV and XML format
Thank you. 

You must be signed in to post in this forum.