Can you choose to use actual daily exchange rates for some foreign dividends received and financial year average for others? Can you choose to use Dec average Fx for dividends received to 31 December in the tax year and then 30 June FX average rates for dividends received in the second half of the financial year?
Hi @ConfusedAc
You can choose how to translate your amounts but keep in mind the average rate must be a reasonable approximation of the exchange rates that would otherwise be applicable if you had used spot rates. You'll need to keep records of methods you used.
Check out info about translation rules.
Hi @ConfusedAc
You can choose how to translate your amounts but keep in mind the average rate must be a reasonable approximation of the exchange rates that would otherwise be applicable if you had used spot rates. You'll need to keep records of methods you used.
Check out info about translation rules.
Thank you.
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