The HMRC Customer Forum is for general queries only and is intended to help our customers self-serve.
You pay tax in the normal way on overseas property. But if you rent out more than one, you can offset losses against other overseas properties.
We are unable to provide financial advice or further interpretation of the guidance provided on GOV.UK:
Tax on foreign income: Foreign income that's taxed differently - GOV.UK
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.
You are free to use any of the three rate HMRC provides, or you can use a rate obtained elsewhere, such as a newspaper or the London Stock Exchange.
For your convenience, there are exchange rates at:
The National Archives: Exchange rates from HMRC in CSV and XML format
For older rates at: The National Archives: Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing