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Crypto Tax UK

Crypto Tax UK Cryptocurrency investors should be aware of the UK crypto tax implications. Tax implications can arise when selling or exchanging cryptocurrencies. HMRC released a statement in 2019 confirming that individuals selling cryptoassets will be subject to capital gains tax (CGT). CGT will be due on profits made, over the tax-free annual allowance threshold.

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19 April 2022
HMRC cryptocurrency
Cryptocurrencies

HMRC cryptocurrency update

HMRC cryptocurrency update HMRC will reportedly start issuing ‘nudge’ letters to cryptocurrency investors as a way of encouraging people to check they have paid the correct amount of tax. Investors with cryptoholdings are being urged to check if they have paid the correct amount of either capital gains tax or income tax on their holdings.

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22 October 2021