Cryptocurrency Q&A
What happens if you don t declare crypto gains UK?
What happens if you don t declare crypto gains UK?
Maria
Sat Mar 30 2024
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7 answers
2058
I'm a bit confused about the tax regulations regarding cryptocurrency in the UK. If I don't declare my crypto gains, what are the consequences? Could I face legal action or fines? And how does the government even know if I haven't declared my crypto assets? I've heard that crypto transactions are anonymous, so how do they track it? Also, what's the process if I do need to declare my crypto gains? How do I calculate the value and how do I report it? I'm just trying to get a clear understanding of the whole process. Thanks for your help!
7 answers
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