Cryptocurrency Tax UK v2

Cryptocurrency Tax Implications in the UK

In News, Taxation by Jawaid Yakoob

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
  • Mining
  • 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.

Cryptocurrency Tax UK.