CG78310 - Currency: assets acquired or sold for currency

A transaction in which an asset is disposed of for some consideration which is not sterling cash, but which takes the form of some other asset, is a barter transaction. Where the bargain is at arm's length, the measure of the consideration is the sterling worth, at the date of the acquisition or disposal, of what is given or received. This rule must be followed when the `other asset' is foreign currency.