We recently presented a webinar to discuss the tax implications on the individual and limited company in relation to trading or investing in cryptocurrencies and foreign currency exchange (Forex). You can watch a recording of the session below.
The areas covered with respect to cryptocurrencies are the tax implications of;
- Buying and selling
- Arbitraging Exchanges
- Margin trading
- Transferring back into fiat currency
And also in regards to Forex;
- Trading through Contract for Difference (CFD)
- Spread Betting Accounts
- Income Tax
- Corporation Tax
- Capital Gains Tax (CGT)
This is not an exhaustive list dealing with cryptocurrency tax. However, we have covered the main areas and every specific reality will vary, which requires a more personal consultation with a member of the digital tax team at Sigma Chartered Accountants. Get in touch now.