When I receive US dividends, say $50.57, my broker converts this to GBP and then deducts a 0.5% foreign exchange charge. So I receive £35.34 minus £0.18 foreign exchange charge. When reporting my dividend income to HMRC can I report my dividend income as £35.16 = £35.34 - £0.18?
Similarly, if I sell US shares my broker deducts at 1% fx charge. So selling shares worth £10,000 I receive only £9,900. Can I use £9,900 as my proceeds for purposes of CGT calculation? Similarly, buying £10,000 of US shares my cost would be £10,100 after addition of fx charge.
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