Cryptoccountant

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Cryptoccountant

Cryptoccountant

@CryptoTax_UK

UK Crypto Tax Accountant 🇬🇧 Helping investors stay compliant & plan smartly. • Tax returns • Tax planning • HMRC enquiries • All Enquiries 👇

Norwich Katılım Temmuz 2022
31 Takip Edilen41 Takipçiler
Cryptoccountant
Cryptoccountant@CryptoTax_UK·
6/7 Another example: → Bought ETH for £5,000 → Sold in March for £8,000 = £3,000 gain ✅ Fully utilised annual tax-free amount Then: → You buy it back within 30 days for £8,000 → £3,000 gain becomes £0 ❌ Annual exemption for the year wasted
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Cryptoccountant
Cryptoccountant@CryptoTax_UK·
Most investors think their tax position is locked in once the tax year ends today. But that’s not necessarily true. The 30-day rule can change your calculations retrospectively. And it works across tax years. Here's how it works 🧵👇
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Cryptoccountant
Cryptoccountant@CryptoTax_UK·
One thing many UK investors miss: Paying with crypto is still a taxable disposal. Even if the card converts it to fiat behind the scenes, HMRC treats the crypto as sold at the moment you spend it. Which means every purchase can technically trigger CGT. #uktax #ukcrypto #cryptotax
CoinDesk@CoinDesk

LATEST: @Mastercard breaks down how its crypto cards will allow small businesses to accept crypto. Mastercard crypto cards will let users pay with crypto while the transaction is processed in fiat on the Mastercard network behind the scenes.

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Cryptoccountant
Cryptoccountant@CryptoTax_UK·
There’s little guidance from HMRC on crypto betting but I would suggest the initial outlay/bet would be a disposal as you’ve “spent” it on a bet. You may owe CGT if you’ve made a gain at that point. If you win, you get back 1.0001 and the 0.0001 BTC winning would be tax free, but you’ve still got that tax liability. If you lose, you end up with no BTC and also still have that tax liability. So more of a lose-lose than a loop hole!
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Joe “parody”
Joe “parody”@kbg_joe·
@Cryptoinsightuk Ok but given there’s no tax on uk gambling winnings there HAS to be some kind of tax free crypto gains loop hole available here. Like if I bet 1 BTC today that it’ll rain at some point in 2030 for like 1.0001x odds … and I win 1.0001BTC in 2030…that would be tax free gains? 😂
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BTCRich ☂️ ⚡️
BTCRich ☂️ ⚡️@BTCRich3·
Not according to the FT. “Despite some platforms warning investors that they will be forced to sell any crypto ETNs they hold within a stocks-and-shares Isa after April 6, HMRC told the FT that the ETNs “can remain in those accounts, as to require otherwise could risk some level of market disruption and impose disproportionate operational challenges on Isa managers”. ft.com/content/1445c7… UK investors unable to put crypto products in Isas from April
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Rich - 🌍/ 21m 🟧
Rich - 🌍/ 21m 🟧@Meds79·
IMPORTANT: Anyone in the U.K. that managed (like me) after much persistence to get IBIT into their ISA. It’s worth knowing, that unlike last time that #Bitcoin ETFs were banned, when the positions were set to “sell-only” - they will now be force liquidated - according to my broker. With MSTR at this narrow an mNAV it looks like the best alternative without exploring Innovative finance ISA’s.
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Cryptoccountant
Cryptoccountant@CryptoTax_UK·
Trading212 have changed their stance and said existing holdings can remain, so that tallies with the HMRC statement about not having to sell existing holdings. Other brokers should in theory allow existing holdings too, but best to check with whoever you use. helpcentre.trading212.com/hc/en-us/artic…
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Monks Whiskers
Monks Whiskers@Whiskers79735·
@999jammy @Meds79 Here’s my optimistic take following this snippet from the FT article yesterday : “HMRC confirmed that investors will not be required to sell existing crypto ETN holdings already held within stocks-and-shares ISAs after April 6.”
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Toph
Toph@TopherKIS·
@r45Mu5 @2147mill @stevienics Just so you’re aware your ishares BTC will be sold by trading212 on the 5th April for them to comply. HMRC have announced NO crypto ETNs can be held in an isa.. go to trading212 website and it’ll advise you of what I just said
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🇬🇧 Tom - Investor £120K
🇬🇧 Tom - Investor £120K@2147mill·
So as we can’t buy BTC within a stocks and shares ISA I think it makes sense to start buying $MSTR at these levels. Thoughts?
🇬🇧 Tom - Investor £120K tweet media
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Cryptoccountant
Cryptoccountant@CryptoTax_UK·
There have been concerns around forced sales of crypto ETNs on 6th April due to HMRC’s reclassification to IF ISAs. However, HMRC were recently quoted in the FT saying that forced sales weren’t necessary, and I’ve noticed Trading212 have recently updated their stance to say existing holdings can remain in S&S ISAs (see link in comments). This means the “Bed & ISA” strategy is still worth considering over the next few weeks.
Rich - 🌍/ 21m 🟧@Meds79

IMPORTANT: Anyone in the U.K. that managed (like me) after much persistence to get IBIT into their ISA. It’s worth knowing, that unlike last time that #Bitcoin ETFs were banned, when the positions were set to “sell-only” - they will now be force liquidated - according to my broker. With MSTR at this narrow an mNAV it looks like the best alternative without exploring Innovative finance ISA’s.

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Cryptoccountant
Cryptoccountant@CryptoTax_UK·
Adding a practical tax point to this. If former UK residents in Dubai return to UK residency within five years of leaving, the UK’s temporary non-residence rules could bring certain income or capital gains realised while non-resident back into the scope of UK tax. A prolonged conflict could unexpectedly trigger that for some. #uktax
🇬🇧 Tom - Investor £120K@2147mill

Welcome back Dubai bros ❤️

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Cryptoccountant
Cryptoccountant@CryptoTax_UK·
The reclassification to IF ISAs is an odd decision. But let’s be clear, the news isn’t that HMRC have suddenly reclassified them to a product no one can use. The IF ISA intention was made public 8th October 2025. So the news here is that no investment platforms have bothered to get IF ISA ready in the last 5 months.
Crypto Crib@Crypto_Crib_

UK STRIKES AGAIN 🚨 UK investors will be UNABLE to buy crypto products in their ISAs from April. 👀 The HMRC reclassified crypto ETNs to a wrapper that no mainstream platform currently offers. 🤦‍♂️

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TazCoLab
TazCoLab@TazCoLab·
4/8 In bear markets, high-tax Europe hits hardest. UK CGT (up to 20%), Norway wealth tax + CGT (~38%), Netherlands unrealized gains tax looming — governments take more when portfolios are down or recovering. Dips are for accumulating — but only if you keep the eventual gains.
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TazCoLab
TazCoLab@TazCoLab·
1/8 Day 57: Bear Market Dips – The Real Test of Conviction Update from @TazCoLab – Wealth & Relocation Laboratory. Bitcoin is facing renewed pressure, dipping amid thin liquidity and macro uncertainty. Bear phases like this separate HODLers from the crowd — and highlight why protecting gains matters most now.
TazCoLab tweet media
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Cryptoccountant
Cryptoccountant@CryptoTax_UK·
Just wanted to add some clarity here because, it’s not clear from your message whether “cash in” means selling to GBP or whether you are using “cash in” to mean disposals (swaps, sales etc). If you sell/swap in the crypto account, then they are disposals for tax purposes, even if you do t withdraw the proceeds. So it’s not just when you withdraw GBP from the crypto account to your bank that triggers tax liabilities.
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Conspiracy Col
Conspiracy Col@col_b1·
@grok So, I’ll only be taxed on the £500 that I cash in NOT the remainder what I decide to leave in the crypto account?
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Conspiracy Col
Conspiracy Col@col_b1·
@grok done only pay taxes on what crypto I cash in Example, let’s say I have £2,000 in crypto but I only cash in £500 but my original purchase was £500 so my earnings are £1,500
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Keşfet

@Cryptoinsightuk @BTCRich3 @Meds79 @freddienew @999jammy @TopherKIS @r45Mu5 @2147mill