hughcolvin Posted July 15, 2011 Share Posted July 15, 2011 I am selling an apartment I have had for several years in France. In euros I am not making any capital gains - I am selling the apartment for slightly less than I bought it so will not have to pay capital gains in France. I am bringing the money from the sale back to the UK to buy property here. Will I have to pay capital gains based on the fact that the I have made money because of the improved exchange rate from £s to €s since I bought or will HMRC calculate the gains based on the euro selling value. I hope that makes sense and any help appreciated! Link to comment Share on other sites More sharing options...
BJSLIV Posted July 15, 2011 Share Posted July 15, 2011 Both transactions will be translated at the rate ruling at the time they took place. So you may have tax to pay in the UK, if the gain exceeds your allowances. Link to comment Share on other sites More sharing options...
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