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View Full Version : Loss/Gain Foreign Exchange Rates


blamonz
23rd August 2010, 14:53
I sold something abroad, received payment in other currency and then transfered money to my UK business bank account. I converted it into pounds on the date of invoice (btw. the same day when I received money), then made a transfer to UK and received other amount as bank had their own currency rates. Hmmm...

Is that difference a loss/gain I should state in my self asessment?

Thank You for your advice.