Tax in Crypto

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Tax in Crypto

Tax in Cypto

I’m in the UK.

With the bull run closing approaching (arguably started). There’ll be lots of profits to take, if you so wish. With that in mind – what are folk doing in regard to CGT etc? I’m aware it’s reducing from £6k personal allowance to £3k etc.

But, overall, just wanted to get people’s advice and start a discussion on it.

Thanks in advance.

Dilshan Tharindu Perera Answered question November 26, 2024
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We are pretty much gubbed in UK. Must pay tax from crypto, for anything above £3k gains, doesn’t matter how long you held it. Some countries make it tax free if you bought in over a 12 months ago and now selling it, gov in UK wants all your money.

Dilshan Tharindu Perera Answered question November 26, 2024
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I’d probably look at speaking to an accountant.

Trevor Moraes Answered question November 26, 2024
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