All You Need To Know About Tax On Cryptocurrency

This Is One Of 15 Ways To Reduce Your Tax

Click the button below to see them all

All You Need To Know About Tax Planning

tax planning

Risk is inherent in cryptocurrency activity, but one area where uncertainty should be mitigated is the tax treatment of your crypto transactions.

The challenge for individuals and businesses engaged in cryptocurrency activity is making sense of this emerging area of taxation.

The duty is on the tax payer to take a responsible and compliant approach to tax.

Under prevailing HMRC guidance, it’s the activity in question that will determine the tax treatment, and not the underlying asset or type of cryptocurrency, providing a degree of clarity on how to proceed with effective tax planning.

Whether you are looking to set up a cryptocurrency fund or you’re already actively engaging in cryptocurrency activity such as buying, selling, holding or mining, you need to establish if your activity falls under the classification for personal, speculative, trade, or investment.

The activity in question determines the cryptocurrency tax treatment and whether you have a liability to Capital Gains Tax, Income Tax or Corporation Tax, which in turn could impact on how you complete your tax return in order to remain compliant.

Speak With A Tax Expert Now To Reduce Your Tax

Working alongside your professional advisers, it’s no surprise that specialist tax advisers can often identify extra opportunities for you to save tax, across a variety of personal and business areas.  After all, they're experts in their field.

To discover how much additional tax you might be able to save, please complete the form below and we’ll introduce you to a specialist tax adviser to discuss your requirements.

Your initial conversation will be without charge and without any commitment to go ahead. 

The Financial Conduct Authority does not regulate taxation advice.

Please Share This

If you’ve found this page of interest, please would you kindly send a link to it to your friends and colleagues using the buttons below.  You’ll be helping us out, and they might like it too.  Thanks, it's much appreciated.

 

How To Earn 13 Per Cent On Your Money Now

It's Back, But Not For Long, So Check It Out Now!

Register Now Before The Offer Closes

Get Valuable SIPP And SSAS Insights Emailed Directly To Your Inbox Every Monday

  • Please use an email address you can access. You can unsubscribe at any time.
IMPORTANT NOTE: NOTHING FEATURED ON SIPPclub IS EITHER AN IMPLIED OR A SPECIFIC RECOMMENDATION TO MAKE, OR TO REFRAIN FROM MAKING A FINANCIAL DECISION.  THIS PAGE HAS NOT BEEN APPROVED AS A FINANCIAL PROMOTION.

As SIPPclub neither advises on, nor arranges, nor recommends specific investments or strategies, we're unable to say whether a SIPP or SSAS or any investment within it is right for you. Ultimately, it’s your money and your decision, and you should only proceed once you're satisfied you've undertaken sufficient due diligence. If you need advice, you should speak to your trusted adviser, or you could find a local adviser from Unbiased.co.uk.  Alternatively, we'd be pleased to introduce to a suitably qualified independent financial adviser.

Please read our full Terms which includes criteria for SIPPclub membership.