Maggie Wong

Hi HRMC team,
(1) Sold my property in Hong Kong in August 2023 (overseas property, in HK dollars). Later on, the money was converted to GBP, and transferred to the UK at different time intervals from September to December 2023. - For exchange rate, am I free to choose between the monthly rate, average rate or spot rate applicable in the tax year to calculate the selling price in GBP?
(2) The same property was brought in February 2013 in HK dollars. - When calculating the cost of ownership, am I also free to choose the monthly rate, average rate or spot rate applicable in the 2013 tax year to be the exchange rate?
Thanks and regards, Maggie

Dear Sir/Madam, May I know if HRMC has guideline on using the (1) monthly rate, (2) average rate and (3) spot rate when calculating the foreign currency conversion in tax return? Thanks and regards, Maggie

Dear sir, I have a couples of time deposit made in the UK and one of them encountered a loss. How do I report the loss in interest (untaxed)? (1) The time deposit is a loss because I stop it before its maturity. No interest earned, and I have to pay a fee to the bank for ending the time deposit earlier. (2) The other time deposits give me interests at maturity as planned. Should I deduct the fee in (1) from my total interest earning when filling untaxed UK interest? Thanks and regards, Maggie