I recently sold an overseas property in Portugal which i jointly owned with my wife. The property has been sold in 2017/18 tax year and i am trying to work out the figures for CGT purposes. My questions are :
a) the purchase was bought off plan . The transaction was in Euros and there were a series of stage payments made over 18 month period. Do i need to treat each stage payment as equivalent sterling transaction with using prevailing exchange rate on the date of payment ?
b) the property was sold "as seen", meaning that all furniture and all electrical items were sold as part of the sale and were not negotiated separately. Can i offset cost of acquisition of these items as expense for CGT purposes since they remained in the property and were part of it when sold?
c) i do not have exact exchange rate for each milestone transaction as the purchase was done in 2003/06. Can i use exchange rate from currency website for the purpose of calculating everything back to Sterling ?