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Savings in euros
JoeWebber
Posts: 28 Forumite
in Cutting tax
One of my P2P accounts is in euros.
1 What conversion rate do I use to convert to sterling?
2 Can I deduct the original conversion fee from sterling to euros?
1 What conversion rate do I use to convert to sterling?
2 Can I deduct the original conversion fee from sterling to euros?
0
Comments
-
Depends on the UK market selling rate at the time of supply however, for the month April the standard HMRC currency unit per £1 for Eurozone is 1.1618.... i.e 1/1.1618
Fees can be reclaimed for tax purposes.0
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