CryptoTaxGeekUK

One-stop-shop for any questions - want to know everything there is to know about UK tax on your crypto holdings. Follow for regular updates, DM with queries.

[The Crypto Tax People @TCTPUK]

HMRC have updated their guidance in relation to Defi lending and staking:

https://t.co/IdWGd4WNhT

[CryptoTaxGeekUK @CryptoTaxGeekUK]

@vlad_ned @CryptoUKAssoc From my reading you won’t get taxed twice but taking your example and if not trading then when exit the pool you will pick up the reward as miscellaneous income and the original stake being returned is a disposal subject to CGT.

[The Crypto Tax People @TCTPUK]

Great to see ongoing sensible conversations going on with the regulations around cryptoassets.

[CryptoTaxGeekUK @CryptoTaxGeekUK]

So excited to be launching this! Need a tool to help calculate gain/loss on Opensea NFTS, then please check this out! We are looking for feedback too hence it being a BETA version so please have a go and share /follow whilst it's in limited free trial period. #cryptotax #NFT

[The Crypto Tax People @TCTPUK]

BOOM!! FREE ACCESS

Introducing, what we believe to be, the world's first NFT gain calculator... Whether you need to know how much you've made for reporting reasons or to just show off how much ETH you have made on that BAYC - this is what you need...

https://t.co/ksnoBvQZVe

[The Crypto Tax People @TCTPUK]

The speech is tonight but looks like a step forward in terms of understanding where the worlds at stating that "crypto assets are the bedrock of the emerging financial ecosystem" and a different stance from the Governor of BOE who's well versed in anti-crypto rhetoric.

[CryptoTaxGeekUK @CryptoTaxGeekUK]

@Thesecretinves2 Just jumping on this but it would also depend on what activity is being done through the company and there's management and control rules that drag taxes back into UK tax net for Corp tax as well as anti avoidance rules which can look through the structure.

[The Crypto Tax People @TCTPUK]

Check out our pinned GIVEAWAY tweet. Not many have entered yet for Mourning Coffee NFT by the talented @dethretina and Physical Infinite Object, so great odds you could be taking this home!! #NFT #CleanNFT

[The Crypto Tax People @TCTPUK]

Another reminder that this is happening tomorrow at 4pm GMT. It's not too late to register!

@mynaaccountants @accointing @CryptoUKAssoc

[The Crypto Tax People @TCTPUK]

1/3 BIG GIVEAWAY!!
To shamelessly increase our follower count ahead of the official launch of our NFT ETH analysis tool (& other useful content!)...

We are giving away 1 x GAME DISEASE from the new drop @gamedisease_

-FOLLOW US
-RETWEET
-TAG A FRIEND + #gamedisease

[The Crypto Tax People @TCTPUK]

Want to know more on UK tax on Crypto, then there's a free webinar can sign up to 👍

[CryptoUK @CryptoUKAssoc]

Join our Exec Director Ian Taylor on Thurs 28th Oct at 10am as he moderates a panel on the topic 'How do banks embrace crypto & adapt to evolving regulations'. Joined by members @BCBcrypto and panelists from @napier_ai and Lysis Fintech.
Register here: https://t.co/4hjezNRw82

[The Crypto Tax People @TCTPUK]

Selling direct investment in bitcoin = cap gains with tax rate up to 20%
Selling investment in offshore bitcoin ETF that is not reporting fund for HMRC (many funds aren't) = income gain and tax rate up to 45%

#Crypto #Bitcoin

https://t.co/dIEVTi7434

[The Crypto Tax People @TCTPUK]

Where there’s attempt at regulation there will always be those seeking to exploit gaps in the system… https://t.co/b6zlCxJ2wd

[The Crypto Tax People @TCTPUK]

NFTs aren't all monkey business!

@Coinbase are giving away this Bored Ape today! As they are on the verge of launching their NFT platform!

NFT's are the key to unlocking a Web without barriers.

Follow us for the latest UK Crypto Tax advice.

#CoinbaseWalletSweepstakes

[@CryptoTaxGalUK @CryptoTaxGalUK]

Tax authorities are inc data on #crypto investors in cross-border info requests...

A #FOI request has confirmed #HMRC used powers to gather info re crypto investors in & out of UK for 2017/18 - 2019/20

Details inc names & addresses of investors + value of crypto assets held...

[The Crypto Tax People @TCTPUK]

Top countries in the world to embrace crypto… Where are you U.K.??

https://t.co/SVOLv5YhdK

[CryptoTaxGeekUK @CryptoTaxGeekUK]

For anyone asking 'how will HMRC know about my crypto holdings '

#cryptotax#UKcompliance#HMRCCrypto
https://t.co/sX19sD4Kmw

[The Crypto Tax People @TCTPUK]

@HMRCgovuk to issue Crypto nudge letters as an “educational” approach… #crypto #eth #BTC @CryptoUKAssoc @bitty_tax @MakingTaxSimpl1 @crypjo091

[The Crypto Tax People @TCTPUK]

Reminder: If you have not needed to do a tax return before but have Crypto gains or income in the tax year 6 April 2020 - 5 April 2021 that needs reporting then you MUST register with HMRC by 5 October 2021

[The Crypto Tax People @TCTPUK]

@"UK tax consequences of buying and selling NFTs (Non-Fungible Tokens)"https://t.co/iEHk9q6LxV on ⁦@LinkedIn⁩

#taxonnfts # Cryptotax #nfttaxUK