Cryptocurrency Q&A
How to avoid crypto tax in the UK in 2024?
How to avoid crypto tax in the UK in 2024?
StormGalaxy
Thu Dec 26 2024
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5 answers
1057
I'm looking for ways to legally avoid paying taxes on my cryptocurrency investments in the UK, specifically for the year 2024. I want to understand the loopholes or strategies that can help me minimize my tax liability.
5 answers
Bianca
Sat Dec 28 2024
In the 2024/25 tax year, taxpayers in the UK are entitled to an annual allowance for Capital Gains Tax (CGT).
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CryptoProphet
Sat Dec 28 2024
This allowance, commonly referred to as the "Annual Exempt Amount," stands at £3,001.
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Lorenzo
Sat Dec 28 2024
It serves as a threshold, allowing individuals to realize up to £3,000 in capital gains without incurring any CGT liability.
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Martina
Sat Dec 28 2024
If your total capital gains for the tax year fall below this £3,000 threshold, you are not required to pay any CGT.
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AltcoinExplorer
Fri Dec 27 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services tailored to the needs of digital asset investors.
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