Skip to main content

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

Posted Thu, 04 Jul 2024 12:17:21 GMT by Alex Lam
Dear Sir/Madam, I bought 2.325% (coupon rate) Royal Bank of Canada corporate Bond at a price of CAD$97.967 on 15 March 2023. It will mature on 2 July 2024, with CAD$100 to be paid back to me at maturity. I sold the corporate bond at a price of CAD$99.792 on 31 May 2024, before the maturity date. It gave a gain of CAD$1.825 per unit of the bond. As it is a Canadian corporate bond, may I ask will the gain be taxed as a UK capital gain tax or income tax? Also in which part of the self assessment or which form should I use for entering the details of my transaction and gain? I understand that I need to convert the CAD into British Sterling before calculation, using HMRC monthly exchange rate. Thank you very much for your help. Kind Regards, Alex Lam
Posted Wed, 10 Jul 2024 13:57:07 GMT by HMRC Admin 25
Hi Alex,
You will declare this in sterling as a foreign capital gains.
Thank you. 

 

You must be signed in to post in this forum.