Claudio
Sat Mar 30 2024
|
7 answers
1611
Can you claim crypto losses on taxes UK?
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
Can I claim crypto losses on taxes UK?
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?
HanRiverVisionary
Fri Mar 29 2024
|
7 answers
1609
How do I cash out crypto without paying taxes UK?
I'm a UK crypto investor, and I'm looking to cash out some of my digital assets. However, I'm concerned about the tax implications of doing so. I've heard rumors that cashing out crypto can trigger a tax liability, and I'm not sure how to proceed without getting myself into trouble. Can you explain the tax rules surrounding crypto cashouts in the UK? And if there are any strategies or best practices I can follow to minimize my tax burden while still converting my crypto into cash? I appreciate your help and expertise in this matter.
