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Posted Thu, 14 Nov 2024 09:13:00 GMT by cristinac
Hi, I need help regarding my Binance account, which was set up with an Italian address. I live in the UK, where Binance services are now restricted, making it impossible to switch the account to a UK address. Should I continue declaring my crypto activity for UK taxes even though the account is linked to Italy? I want to ensure compliance with tax regulations. Thank you for your guidance.
Posted Mon, 18 Nov 2024 10:50:57 GMT by HMRC Admin 17 Response

Hi ,
 
As a UK resident, you would be subject to UK rules on capital gains on the disposal of the shares/crypto. 

You would be required to report the disposal in a self assessment tax return, where a gain arises,

in the capital gains section, which on paper, is SA108.

Thank you .

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