Official exchange rate for CGT
Official exchange rate for CGT
Author
Discussion

Teixe

Original Poster:

302 posts

180 months

Monday 19th September 2011
quotequote all
I am calculating my CGT, Which official exchange rate should I use?. I found these two:

http://www.hmrc.gov.uk/exrate/exchangerates-1011.p...


http://customs.hmrc.gov.uk/channelsPortalWebApp/ch...

I suppose is the former as the latter applies to customs ?
If so, it means that for any trade before the 31/12/10 I should use only one conversion rate.
My CGT is purely on shares if that makes any difference.

Thanks


LC23

1,300 posts

242 months

Monday 19th September 2011
quotequote all
If my memory serves me correctly as it is a while since I actually did a CGT calc, you use the ex rate of the date of purchase for the purchase price and the exchange rate at the date of sale for the sale price. Use OANDA to get these spot rates.

http://www.oanda.com/

Teixe

Original Poster:

302 posts

180 months

Tuesday 20th September 2011
quotequote all
Thanks a lot LC.