Many investors in cryptocurrencies have made big gains. But once you take profits – or even buy one cryptocurrency with another – you could be liable for capital gains tax. Cryptocurrency investors have had a rough time recently. From the spectre of higher taxes being proposed by US president Joe Biden to the “Elon Musk effect”, the market has given investors plenty of reasons to be happy and worry alike. So for some, their profits will be the last thing on their minds right now. But plenty of crypto investors are still sitting on big gains. And anyone thinking of taking some of these profits really needs to be aware of the tax that they might incur when doing so.
So what are the rules in the UK? Read more at https://moneyweek.com/investments/alternative-finance/bitcoin-crypto/603260/cryptocurrency-profits-capital-gains-tax