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kinsey ku

kinsey ku

Joined: 9/10/2024

  • Foreign Roe for new build when calculating CGT

    Thu, 12 Sep 2024 13:08:12 GMT – Foreign Roe for new build when calculating CGT
    I built a property in Greece in 2007/2008 which was sold this year. For HMRC purposes should the roe used be at the start of the build or the end of the build. When do HMRC consider the sale was completed if I was paying a company to build it for me in instalments?

  • EURO RATES OF EXCHANGE TO USE FOR FOREIGN CGT

    Tue, 10 Sep 2024 19:32:50 GMT – EURO RATES OF EXCHANGE TO USE FOR FOREIGN CGT
    I built a property in Greece in 2007/2008. I bought all the EUROS i needed in advance to fund the build but the payments to the builder were staged over the year and I suppose we became the owners when we paid the final installment? For CGT purposes can I use the rate for which I bought the Euros to fund the project OR can I use the HMRC rate for the month of the final payment? I bought Euros at 1.42 in Oct 2007 to fund the build but the ROE for March 2008 - DEC 2008 average rate was 1.2586 and this was when I made the final payment (other payments were made during the year previous to this. the latter would be better for me but worse for hmrc. How should I view this?