Please hit subscribe, like the video, and leave a comment or question below.
UK Crypto Tax: Make sure you disclose your gains, or you could face big penalties
If you own cryptocurrency in the UK, you need to know how much tax you have to pay. HMRC views Bitcoin and other cryptocurrencies as taxable assets and has a data sharing program with UK exchanges.
Because HMRC sees crypto as a capital asset, when you dispose of a capital asset – you’ll pay Capital Gains Tax.eg selling crypto for a fiat currency, or another crypto currency, or spending it or gifting it.
Also the government recently announced a cut to the Capital Gains Tax allowance from £12,300 to £6,000 from April 2023.
Don’t get caught out, find out how much tax you have to pay on your crypto in the UK now.
Did you know about this? What do you think about it, and do you have any questions?
Check out https://keithcentral.com for more info
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
#ai #artificialintelligence #artwork #graphicdesign
Check out https://keithcentral.com for more info
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
Go to https://redboxfinancial.com for more info. You can also contact me there and also arrange a free consultation.
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
Thank you for your support 🙂
Go to https://redboxfinancial.com for more info. You can also contact me there and also arrange a free consultation.
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
Thank you for your support 🙂
Go to https://redboxfinancial.com for more info. You can also contact me there and also arrange a free consultation.
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
Thank you for your support 🙂
Go to https://redboxfinancial.com for more info or to get in touch and arrange a free consultation.
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
Thank you for your support 🙂
Please get in touch if you have any questions, or if you would like my associate to set it all up for you. It is a bit of a no brainer!
Go to https://redboxfinancial.com for more info
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
I am a specialist in property tax. I qualified as a chartered accountant at Deloitte, have been investing in property for 22 years, and am specialised in helping people save property tax – income tax, corporation tax, CGT, SDLT, IHT.
Go to https://keithgriggs.com for more info
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
Thank you for your support 🙂
I also go on to talk about a smart holding company structure, where a holding company with alphabet multiple share classes for close family members holds all the wealth. The growth is held in a discretionary trust for future generations.
It could have several subsidiaries for a non property business, property investment, and property developing. The property developing company could also own SPVs.
Then cash could flow upwards using dividends and group relief, and downwards using shares.
Even more flexibility could be added by having this smart holding company as a member of an LLP with each close family member also being a partner.
I am a specialist in property tax. I qualified as a chartered accountant at Deloitte, have been investing in property for 22 years, and am specialised in helping people save property tax – income tax, corporation tax, CGT, SDLT, IHT.
Go to https://keithgriggs.com for more info
Please hit subscribe, like the video, and leave a comment or question below.
Please also comment below on what you would like the subject of future videos to be about.
Thank you for your support 🙂