How does one calculate the gain on foreign stocks that one owns?Say, $1 = GBP 2 (to convert from $ to GBP) GBP 1 = $0.45 (to convert from GBP to $) Supposing a) Convert $10 to GBP 20b) Buy 1 share on LSE for GBP 20c) I sell the share on LSE for GBP 30d) I convert the GBP 30 to $13.5At what point do I owe taxes? At point c) or d)? In other words, say GBP that I got in c), I do not convert and buy more shares on the LSE with the proceeds. Am I liable for taxes?
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