Crypto taxes

I love technology but find crypto currencies and assets duller than football. But it exists, and is taxed, so we need to know how and when.

A myth has built up that it somehow escapes tax or that HMRC cannot understand it.

The latest HMRC manual update gives a good and fair summary of the position

Any HMRC guidance comes with the warning that it may not reflect the legislation and parts are hidden (eg But the guidance is useful and demonstrates where you may face tax and penalty risks if you take a different view. Useful sections are:

Capital gains tax disposals

Record keeping

Why it isn’t tax free gambling

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