Are Cryptocurrencies Taxable in the UK?
The simple answer is yes, but it isn’t as straightforward as you may think.
We explore the various factors that you need to consider, including tips on how to reduce your tax bill, below.
Buying the coins using a wallet?
Are you using a CFD?
Or are you spreadbetting?
Before we look at the tax implications of Bitcoin and other Cryptocurrencies, we first need to look at how you are actually purchasing them.
The tax implications can be surprisingly different.