Cryptocurrency Q&A
What is the tax on crypto in the UK?
What is the tax on crypto in the UK?
noah_smith_researcher
Wed Dec 25 2024
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7
answers
1410
I'm wondering about the tax implications of cryptocurrency in the UK. Specifically, I want to know what kind of tax is applied to crypto transactions and holdings in the United Kingdom.
7 answers
Sara
Fri Dec 27 2024
The first type is Capital Gains Tax, which is imposed on the disposal of cryptocurrency.
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CryptoTitan
Fri Dec 27 2024
This tax rate varies between 10% and 20%, depending on the individual's circumstances.
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Riccardo
Fri Dec 27 2024
The second type of tax is Income Tax, which applies to cryptocurrency received as payment or mining rewards.
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Giulia
Fri Dec 27 2024
Cryptocurrency taxes in the United Kingdom are categorized into two main types.
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TaegeukChampionCourageousHeartWarrior
Fri Dec 27 2024
Income Tax rates range from 20% to 45%, based on the individual's income level.
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