KpopHarmonySoulMate
Sat Mar 30 2024
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6 answers
981
Do I need to declare crypto?
Good afternoon, I have a question about cryptocurrency. I've been investing in various cryptocurrencies for a while now, and I'm wondering if I need to declare these investments to the authorities. I understand that taxes are a necessary evil, but I'm not sure how the rules apply to crypto. Could you please explain?
Giulia
Sat Mar 30 2024
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5 answers
914
How much crypto can you sell before paying tax UK?
Excuse me, I am a bit confused about the cryptocurrency tax regulations in the UK. Could you please clarify something for me? I understand that when selling cryptocurrencies, one is required to pay taxes on the profits. However, I am unsure about the exact threshold. How much crypto can I sell before I am obligated to pay taxes in the UK? Is there a specific amount or is it based on some other factors? Could you please provide some clarification on this matter? Thank you very much for your time and assistance.
SolitudePulse
Sat Mar 30 2024
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6 answers
955
Is it better to keep crypto in a wallet or exchange?
I'm a bit confused about where to store my cryptocurrencies. Should I keep them in a wallet or an exchange? What are the pros and cons of each option? Could you please elaborate on the security risks involved? I've heard stories about exchanges being hacked, but I'm also worried about losing my private keys if I go with a wallet. Could you provide some insight into how to make this decision? Thank you!
HallyuHero
Sat Mar 30 2024
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6 answers
1129
Do I need to pay tax on Revolut crypto?
I'm a bit confused about taxes and cryptocurrencies. I use Revolut to buy and sell crypto, and I'm wondering if I need to pay tax on any of the profits I make. I've heard different things from different people, so I'm hoping you can give me a clear answer. Is there a specific tax rate for crypto transactions on Revolut? Or does it depend on the type of crypto I'm dealing with? And how do I actually report and pay these taxes? Any information you can provide would be much appreciated. Thank you!
amelia_harrison_architect
Sat Mar 30 2024
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5 answers
907
Do I need to report crypto if I didn't sell in the UK?
Hello, I am a UK citizen and have been investing in cryptocurrencies for some time. I have not sold any of my crypto assets in the UK, but I'm not sure if I need to report them for tax purposes. Could you please advise me on this matter? I'm quite confused about the rules and regulations regarding cryptocurrency in the UK. Thank you very much for your help.
