|
|
Bitcoin and other cryptocurrencies have become popular investment products in the UK, but it\“s essential to understand the capital gains tax implications. In the UK, Bitcoin is treated as a personal possession for tax purposes, similar to stocks or shares. If you sell, gift, or exchange Bitcoin and make a profit, you may be liable for Capital Gains Tax （CGT）.
The current tax-free allowance for capital gains in the UK is £6,000 per tax year （as of 2023-2024）. Any gains above this threshold are taxed at 10% for basic rate taxpayers and 20% for higher or additional rate taxpayers. It\“s crucial to keep detailed records of all your Bitcoin transactions, including purchase dates, amounts, and sale prices, to accurately report gains or losses.
Additionally, if you mine Bitcoin or receive it as payment for services, it may be subject to Income Tax instead of CGT. Always consult with a tax professional or refer to HMRC guidelines to ensure compliance with UK tax laws regarding Bitcoin investments. |
|
发表于 2025-10-28 07:50:34