How To Correctly Calculate Crypto Taxes | UK Tax Guide
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- čas přidán 20. 05. 2024
- UK crypto tax explained.
In this video, we'll explore how to treat cryptocurrency profits under UK / HMRC tax rules.
Below timestamps will help you navigate the applicable areas.
🕵️♂️ TIME STAMPS:
00:00 Definitions: DONT SKIP
04:37 Scenario 1: Buying and Selling
09:39 Scenario 2: Mining and Staking
12:07 Scenario 3: Airdrops
13:21 Scenario 4: Employment Income
15:27 Tax Bandings & Outro
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👮♂️ DISCLAIMERS & DISCLOSURES
This content is for education and entertainment purposes only. SandhuTalks does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
Very informative thank you
It is legal Tender in El Salvador 🇸🇻
Question: If I buy 1k worth of Btc, then sell it into Xrp, then sell it into usdt , etc... However, I make zero gains on the swapping/selling. Doing this 50 times during the tax year, do I pass the yearly 50k proceeds to submit a tax return with my 1k?