We pool cryptoassets when we group them according to what they are. To determine the cost of a particular cryptoasset, we use average cost, exactly as we do for shares when we buy at different times and at different prices. We use average cost to work out taxable gains BUT please note the exceptions below … Continue reading
Inheritance Tax This is a tax on your estate (your assets including properties, savings minus your debts). The threshold ie nil rate band is currently £325,000. This means your estate value up to this amount is tax-free. If your estate is worth more than this, any amount over £325,000 is charged 40% and this is … Continue reading
