Elly

Hello HMRC, we have not immigrated to UK and not UK resident when we purchased our overseas property. We purchased with local currency and later sold with local currency when we have immigrated to UK and become UK resident. So do we still have to report our purchase cost by converting to sterling based on the exchange rate published at the time of purchase? It will make the capital gain unrealistically high due to sterling is very strong at our purchase time and very weak now when we sell the overseas property.