A Comprehensive Guide To Taxes On Cryptoassets In The UK

On today’s episode of The Cryptoverse…
By popular demand, here is my narration of the new tax rules.
GET PROFESSIONAL HELP ON CRYPTO TAXES IN THE UK: https://www.cryptoasset.school/tax

Timestamps
Overview 2:23
Introduction 3:30
What cryptoassets are 4:25
Exchange tokens 7:04
Utility tokens 7:36
Security tokens 7:56
Which taxes apply 8:11
Income Tax 9:23
Financial trading in cryptoassets 9:23
Mining 11:21
Fees from mining 12:31
Airdrops 13:12
Income Tax losses 14:51
Capital Gains Tax 15:32
What constitutes a ‘disposal’ 16:11
Allowable costs 17:40
Pooling 19:32
Example 21:00
Acquiring within 30 days of selling 22:31
Example 24:18
Blockchain forks 26:24
Airdrops 28:48
Capital Gains Tax losses 29:43
Claiming for an asset that’s lost its value 30:08
Losing public and private keys 31:17
Being defrauded 32:20
Cryptoassets received as earnings 33:08
Cryptoassets provided in the form of Readily Convertible Assets 33:25
Cryptoassets which are not RCAs 35:23
Cryptoassets provided by 3rd party in connection w employment 36:19
Subsequent disposal of tokens 37:22
Record keeping 37:32
Self Assessment tax returns 38:19
Other considerations 39:09
Pensions 39:09
Inheritance Tax 39:36

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●▬ Sources ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
https://www.gov.uk/government/publications/tax-on-cryptoassets

#UK #Tax #Crypto

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