On Tuesday, 4 May 2021 at 15:17:32 UTC+1 [email protected] wrote: > Keep in mind that the way your UK broker holds US commodities at cost in > GBP is exactly how HMRC wants you to report your capital gains: > https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg78310 >
That's interesting. I hadn't thought about it as "holding US commodities at cost in GBP". (My broker's reports, such as they are, only actually give me the USD price and the exchange rate – not the GBP price – but I could easily calculate the equivalent GBP price from that.) I suppose I could just do all my accounting with GBP prices (hold the commodities at cost in GBP, in other words), but I would loose the ability to fetch current prices from live data sources and calculate my unrealized gains/losses. Maybe I should focus instead on a better way to deal with that aspect. > I have an opposite problem. I mostly use a US broker, but still have to > account for any gains using UK tax rules. > The way I see it that's the same problem I have been trying to solve (holding at cost in USD but calculating P/L in GBP) – isn't it? -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/33e04aac-84c5-42d5-9dd9-a4fdfe0c326en%40googlegroups.com.
