as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
fx losses on non-uk mortgage for uk property - tax deductable?
user
i spoke to hmrc and they said #1 is not allowable but #2 is. they suggested using either their published exchange rates or i could use another source. i suggested the bank of england spot rates and that was deemed reasonable and allowable.
assistant