CryptoAccounting

This category contains 2 posts

Capital Gains Tax and Crypto Currencies (UK)

When you dispose of cryptoassets (the term HMRC prefers) such as bitcoin, you may need to pay capital gains tax if your gains take you above the annual exempt amount, currently £12,300. The tax year runs from 06 April to 05 April of the following year. WHAT IS A DISPOSAL? Selling your tokens Exchanging your … Continue reading

BTC is dropping…

The value of bitcoins (BTC) is dropping – Coinbase Exchange, 17 Jan 2018 11:32, records a dip of £6,723.80 since last month – and alternative crypto coins, aka altcoins, are following the leader (see Coinmarketcap.com for comprehensive details). However, be aware that dumping your wallet now not only generates lower income, it may make you … Continue reading

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