CG78332 - Currency: identification of disposals with acquisitions

Each bank account is a single asset for the purposes of TCGA92/S104 (1). See CG50500+ for further advice on the pooling rules generally. Provided the practice is followed consistently, you may accept that all bank accounts in the taxpayer's name containing a particular foreign currency represent one account. You therefore disregard direct transfers between such accounts for capital gains purposes both as a withdrawal and an acquisition. This practice does not apply to accounts held abroad by non-domiciled individuals to which TCGA92/S275 (L) applies. See SP10/84.