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Avalon_4322

Avalon_4322

Joined: 12/2/2024

  • CGT loss on foreign exchange

    Mon, 02 Dec 2024 17:14:47 GMT – CGT loss on foreign exchange
    How do I calculate the CGT loss arising only from the transfer of a sum of money arising from a transaction abroad (Eurozone, sale of inherited property)? The transfer occurred some time after the sale. Do I use the HMRC exchange rate on the day the bank transferred the money to me (the disposal date) to convert the sum I received in GBP back to Euros then convert the Euro sum back to GBP on the acquisition date (the date of the sale)? The loss then being the difference between the GBP sums? Or some other way?