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CGT on cyptocurrency

Jo W
Posted Tue, 03 Sep 2024 21:27:01 GMT by Jo W
I bought some cyptocurrencies in 2020 and 2021, sell some in 2023. How should I calculate the cost of the cyptocurrencies? First in first out or Last in first out?
HMRC Admin 20 Response
Posted Thu, 12 Sep 2024 08:51:58 GMT by HMRC Admin 20 Response
Hi,
Your trading account should identify which ones have been sold to allow you to determine that.
Thank you.
Jo W
Posted Thu, 12 Sep 2024 21:13:24 GMT by Jo W
Sorry .. I don't quite understand .. the trading account in USA did not identify which ones have been sold. How should I calculate the cost for CGT purpose? Are there any rules on the identification? Thank you.
HMRC Admin 21 Response
Posted Mon, 23 Sep 2024 08:41:44 GMT by HMRC Admin 21 Response
Hi,
You would treat it the same as a S104 holding - Shares and Capital Gains Tax (Self Assessment helpsheet HS284).
Thank you.
Jo W
Posted Thu, 26 Sep 2024 20:18:46 GMT by Jo W
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