I am an EU national based in the UK. My savings and investment account is in euro on Interactive Brokers.
Say I bought 1 share for €100 1st of Jan and sold it 1st June months later for the same price (ie no euro profit). Am I still liable for capital gains tax on the value of the currency difference? Ie €100 euro was 80p sterling on 1st jan and €100 is 90p on the 1st of June do I have to pay capital gains (or currency gains) on that 10p?
Please note that the account at my brokers is in euros and at no point did I convert any monies into sterling.
thanks for the help.
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