Cryptocurrency Q&A
How much are Bitcoin profits taxed in the UK?
How much are Bitcoin profits taxed in the UK?
Maria
Thu Dec 26 2024
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7 answers
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I am wondering about the taxation on Bitcoin profits in the UK. Specifically, I want to know how much tax I would have to pay on any earnings I make through Bitcoin transactions.
7 answers
Lucia
Sat Dec 28 2024
For gains exceeding this allowance, the tax rate varies based on the individual's tax bracket.
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CryptoLegend
Sat Dec 28 2024
BTCC is a leading cryptocurrency exchange that offers a range of services.
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GwanghwamunGuardianAngelWingsBlessing
Sat Dec 28 2024
If an individual falls within the basic rate tax band, the tax on gains above £3,000 is 18%.
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BitcoinBaroness
Sat Dec 28 2024
This taxable gain is calculated after considering all other taxable income.
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Tommaso
Sat Dec 28 2024
The tax on capital gains (CGT) in the UK is applicable to individuals' total gains exceeding the annual tax-free allowance.
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