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Capital Gains Tax On FX Moves
Joey122
Posts: 459 Forumite
in Cutting tax
Hi All,
Does anyone know what the UK situation is on an asset (bond) bought in a different currency and sold for the same price it was bought but yielded a large profit (>10K) because of FX moves?
The price of the asset did not change - The profit has been purely down to FX moves when being converted back to sterling
Thanks
Does anyone know what the UK situation is on an asset (bond) bought in a different currency and sold for the same price it was bought but yielded a large profit (>10K) because of FX moves?
The price of the asset did not change - The profit has been purely down to FX moves when being converted back to sterling
Thanks
0
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