A Comprehensive Guide To Taxes On Cryptoassets In The UK

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Reading Time: 1 minute(Last Updated On: December 21, 2018)

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

#UK #Tax #Crypto