Hi, this is a topic specific to the French community, but I stick to English for respect of the international community using this forum.
The Revolut account is an IBAN starting with GB, so it is in a foreign country from my perspective. Although I have seen many people doubt on the forum, there is no doubt for me that I need to declare the account to the tax authorities, which I do each year.
My question is more around how to declare to tax authorities the gain made on currencies. My intention is not to use Revolut as a trading platform. But I changed some currency (NOK and ZAR) more than 2 years ago, in preparation or a trip abroad in 2020 that was canceled because of COVID. As I don’t need the currencies anymore, I changed them back to EUR thus generating a profit on the exchange rate.
I hope that someone on this forum has some good tax expertise to help me to declare this gain. I called the “Allo Impot” today which is a 1 day free service for accountant support, however the person on the phone said this was too technical for him to answer and did not have the answer.
He just gave the hint that I should declare it on the 2047 form, section 3, under “Plus-values de cession de valeurs mobilières: avant abattement”
It is not clear if a loss in one currency can compensate a gain in another currency from a tax perspective, and whether this is the right way to declare it?