How is Cryptocurrency taxed in the UK? – Tax on Bitcoin UK

Have you made money on Bitcoin and are wondering what your UK tax liability is? Or do you think the government can’t tax cryptocurrency in the UK? Let’s take a look.

Bitcoin is new but the UK tax system is not. Rishi is targeting Cryptocurrency for tax requesting that the biggest exchanges share info of customers who have more than £5,000 in Cryptocurrency for tax purposes. Understand what the rules are so you don’t accidently not pay the correct levels of tax on your crypto.

Today we cover:
Tax on Crypto in the UK
Tax on mining coins
Tax on Investing in cryptocurrency in the UK
Ways to not pay tax on your bitcoin or other crypto assets.

.gov links
https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

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? Timestamps:
00:00 – Trying saying that first time.
00:26 – What goes up..
01:05 – Rishi’s dilema
04:11 – Crypto Miners
05:10 – Crypto Investors and traders.
08:50 – How I look at it all.
09:56 – Just a heads up.

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The richest man in Babylon:
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? My Videos:
Premium Bonds: https://www.youtube.com/watch?v=jVlaV…
The options for investing explained: https://www.youtube.com/watch?v=h2xVk…
How to stop your investments being taxed: https://www.youtube.com/watch?v=kA9W7…
Investing in stocks and shares: https://www.youtube.com/watch?v=yG5pl…

Disclaimer: Any information provided in this video is meant purely for entertainment purposes and does not constitute any form of recommendation, They are simply my opinions. If you want financial advice tailored to your circumstances please consult with a licensed professional.

How is Cryptocurrency taxed in the UK? – Tax on Bitcoin UK

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Kane Dane