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Posted Fri, 24 May 2024 21:42:40 GMT by FlappyPenguin
Hi, I’m planning on selling up my 4 crypto tokens by December 2024. I am aware I need to register by 5th October for self assessment. Am I in correct in saying that all I need to calculate for the form is the following : Quantity and price of Token B when brought Quantity and price of Token B went sold Total profit gain in £ (will use a currency converter) Is there anything else I am missing?
Posted Thu, 30 May 2024 11:37:55 GMT by HMRC Admin 19
Hi,

If this is the sole reason for registering for Self Assessment, then you could report and pay the Capital Gains Tax using the real time tax capital gains service instead:

Report and pay your Capital Gains Tax

Capital gains is simply the disposal value, minus acquisition value and costs of acquiring and disposing of the asset.

Thank you.

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