I believe so, yes. This has never been an issue for me -- I have a euro account with a broker and both share sales and dividends are converted from whatever currency they are held in immediately. I always declare the exact euro amounts involved, which means after the broker has deducted all charges including currency conversion charges. On the other hand, it is arguable that the dividend payment is a dividend, but the currency losses are a capital loss. Maybe someone more knowledgeable can comment. My general attitude is if it's not an earth-shattering amount of money then I don't lose too much sleep over it if I believe in good faith I am doing the right thing.