Buying crypto with fiat currency is tax-free. Holding crypto is tax-free. Transferring crypto between your own wallets is tax-free. Donating crypto to charity is tax-free. Gifting crypto to your spouse is tax-free (take advantage of unused capital gains allowances). Did you know all about these? And do you know what type of crypto transactions are…
How do you feel about HMRC tracking your crypto transactions? Let us know in the comments!
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…
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