#Europe: Caught by sterling’s strength against the #euro.

Q&A: Dominic Coyle

The euro: on the slide. Photograph: REUTERS/Dado Ruvic

When the euro/sterling rate was 85p, I purchased shares in sterling. Now the rate is 73p. If I sell now and invest further in sterling without realising cash and perhaps spending it, do I have to take account of the exchange rates for purpose of CGT?

The amount in sterling remains the same but would be showing profit in euro.

Mr M.B., Galway

There have been certain reliefs for people who reinvest gains but these, as far as I know, relate exclusively to the sale of assets relating to a business or trade and the investment of those gains in the trade or business. I don’t think they are going to provide you with any relief in your current position... (Read more)

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