CG78312 - Currency: assets acquired or sold for currency

On a later arm's length sale of the shares for (say) French francs, the consideration for the disposal of the shares will be the sterling equivalent of the francs at the exchange rate in force at the date of disposal. The acquisition cost of the francs will be the sterling value of the shares at the same date. Again, the sterling value of the shares and francs is likely to be the same.