IHTM34178 - Calculating the loss: foreign shares or investments
When foreign shares or investments are sold following the death, the loss on sale is calculated by reference to the sterling values of the shares. »Ê¹ÚÌåÓýapp value at the date of death is converted into sterling using the exchange rate at the date of death. »Ê¹ÚÌåÓýapp sale price is converted in sterling using the exchange rate at the date of sale. »Ê¹ÚÌåÓýapp loss is calculated as the difference between the two sterling values.