One thought on “What taxes might I need to pay?

  1. Arti says:

    Its recent popularity has even attracted the attention of HMRC who have updated their guidance to ensure any investors are paying the correct amount of tax. Cryptocurrency is a rapidly growing area of interest for many traders, investors and industry regulators. You are likely to be liable to pay Capital Gains Tax, when any cryptocurrency is traded, disposed of or exchanged. You may also be liable to pay Capital Gains Tax when you use cryptocurrency to pay for goods or services or where these are given away to another person (other than a spouse). UK Businesses are also liable to pay tax on cryptoassets. Essentially, anyone who is domiciled in the UK is liable to pay tax on cryptoassets.

Leave a Reply

Your email address will not be published.