British Expats - Official GBP - € Exchange rate 2017

British Expats (https://britishexpats.com/forum/)

- Spain (https://britishexpats.com/forum/spain-75/)

- - Official GBP - € Exchange rate 2017 (https://britishexpats.com/forum/spain-75/official-gbp-%E2%82%AC-exchange-rate-2017-a-909590/)

stevesainty

Feb 22nd 2018 12:18 pm

Official GBP - € Exchange rate 2017

Does anyone know the official GBP - € exchange rate at 31 December 2017 for Spanish tax return purposes, please?

Loafing Along

Feb 22nd 2018 1:39 pm

Re: Official GBP - € Exchange rate 2017

Quote:

Originally Posted by stevesainty (Post 12448335)

Does anyone know the official GBP - € exchange rate at 31 December 2017 for Spanish tax return purposes, please?

If you want to be precise you should use the rates published by the Banco de España. They publish in english.

https://www.bde.es/webbde/en/estadis...pos/tipos.html

Fred James

Feb 22nd 2018 3:19 pm

Re: Official GBP - € Exchange rate 2017

If you are talking about income tax, the rate at the end of the year is irrelevant, you use the average rate for the year which is 1.413.

The year end rate is used for asset declaration on form 720 and it was 1.127

Loafing Along

Feb 22nd 2018 3:23 pm

Re: Official GBP - € Exchange rate 2017

Quote:

Originally Posted by Fred James (Post 12448448)

Is that a "Typo" - more like 1.143 think in 2017

Fred James

Feb 22nd 2018 3:24 pm

Re: Official GBP - € Exchange rate 2017

Correct - my mistake - it should be 1.1413

stevesainty

Feb 22nd 2018 4:04 pm

Re: Official GBP - € Exchange rate 2017

Thank you everyone, I am just gathering my figures together for my tax return later this year.

All times are GMT. The time now is 6:30 am.