HMRC Nudges Real Tax Pounds Out Of Digital Coins
- November 29, 2021
- Posted by: Aitro3
- Category: Accounting & Tax News
Do you buy and sell crypto-assets? HMRC has procured transaction data from crypto-asset exchanges and is now sending out ‘nudge’ letters to encourage self-reporting for tax.
Any of the following transactions may give rise to a capital gain for tax purposes:
– selling cryptoassets for fiat money
– exchanging one cryptoasset for another
– paying for goods or services with cryptoassets
If you’re uncertain whether your transactions are caught, take professional advice.