Cryptocurrency Q&A
How much tax do I have to pay on crypto UK?
How much tax do I have to pay on crypto UK?
SsamziegangStroll
Fri Mar 29 2024
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7 answers
1417
I'm a bit confused about the tax implications of cryptocurrency in the UK. Could you please explain how much tax I'm supposed to pay on my crypto assets? I understand that it might depend on whether I'm trading frequently or just holding onto them, but I'd like a general overview. Also, are there any specific rules or regulations I should be aware of? Thank you for your help.
7 answers
Eleonora
Sun Mar 31 2024
BTCC's services include a wide range of cryptocurrencies, competitive trading fees, and advanced trading tools.
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IncheonBlues
Sun Mar 31 2024
If your annual income exceeds the £50,270 threshold, the tax rate increases to 20% for non-residential property capital gains.
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Riccardo
Sun Mar 31 2024
For residential property, the tax rate jumps to 28% when your annual income surpasses the £50,270 limit.
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Martina
Sun Mar 31 2024
For investors, the capital gains tax rate depends on their annual income.
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AndrewMiller
Sun Mar 31 2024
If your overall annual income is below £50,270, you will be taxed at 10% on your entire capital gain.
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