Questions tagged [claim crypto losses]

Claudio Sat Mar 30 2024 | 7 answers 1611

Good afternoon, I am a UK resident and a cryptocurrency investor. I have unfortunately experienced some losses in my crypto investments this year. I was wondering if I am able to claim these losses on my taxes in the UK? If so, could you please guide me through the process? I am quite new to this field and am a bit overwhelmed with the tax regulations surrounding cryptocurrency. Thank you for your help.

Carolina Sat Mar 30 2024 | 7 answers 1159

I'm a UK taxpayer and I've invested in some cryptocurrencies. However, the market has been volatile recently and I've lost a significant amount of money. Can I claim these losses when filing my taxes?