In this video I give a general overview of tax rules for cryptocurrency in the UK. I also talk about specific common examples of different types of crypto acquisition and trading. I also talk about keeping records and using sites like bitcoin.tax to track stuff. More than ever this is not financial advice. Always make sure you speak to an accountant or HMRC directly if you have questions or concerns about your crypto holdings.
Example 1 - Bought directly and held
Example 2 - Bought through another coin and held
Example 3 - Bought and exchanged to other coins
Example 4 - Mining crypto & Staking crypto
Example 5 - Day trading
Useful Links
- UK Reddit (https://www.reddit.com/r/BitcoinUK/)
- Tax Guide (https://bettingbitcoin.io/cryptocurre...)
- HMRC CGT (https://www.gov.uk/capital-gains-tax)
- Bitcoin Tax Website (https://bitcoin.tax/r/26bKzKzfw)
Buy $100 of Bitcoin, Ethereum or Litecoin on Coinbase and get $10 free:
https://www.coinbase.com/join/5913414...
Binance Exchange Sign-up Code: 20372183
Genesis Mining 3% Discount Code: SLmq6U
Hashflare Referral Code: 15AAFE7C
Tips are much appreciated, here's my addresses:
Bitcoin: 18ZwmG5o2yeiUW7WgLB2M8ifMK7AAmgsUs
Ethereum: 0x039D99c841fc21d8975aB8691bF6B7540c06389F
Litecoin: LiDRt5ZkNSX1kUT2SPg9hyirdFji8pkXeR
Dash: Xrk1QLtZMPN7BBQewmGHwW2e2AGraLV3Qx
Dogecoin: DKj7UeXXzQy3KwakNLfoaWm8YAQaCa8pTa
Burstcoin: BURST-CMCH-2BAS-BS5A-57T5M
Digibyte: DLmApKQjqC1tMgMKitwtFL8hubgTjfU2cR
NAV: NMgVgHgp7M7ZVSvu5yycLYocEK7rHYrwQq
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