Taxation of Cryptocurrency gains

4th May 2022

Similar to share dealings, you must declare any gains or losses from cryptocurrency investments on your personal tax return. It is important to keep records of dates, currency type, amounts bought or sold, and the value. There are several software options that can assist you with this; the best will include converting the currency to GBP to help calculate the gains and losses.


It is important to note that conversions from one cryptocurrency to another constitutes a disposal for tax purposes. We can help you work out if any gains are subject to income tax or capital gains tax, and how to report this to HMRC.


HMRC have access to information about cryptocurrency holders from UK exchanges, so it is important to ensure you include this on you tax return.

Disclaimer - All information in this post was correct at time of writing.
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