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Posted Tue, 29 Nov 2022 14:30:49 GMT by Bertoli
I took out a loan to buy some crypto currency and made a gain of around 5,000 when I sold which I believe will be taxed as a capital gain (nb I have some other ordinary capital gains from shares sales that take me over 12,300). The interest I paid on the loan to buy the cryptocurrency came to about £800 .. can I claim this interest against the £5000 gain?
Posted Thu, 01 Dec 2022 16:51:49 GMT by HMRC Admin 2
Hi,

You can find guidance here:

CRYPTO22150 - Cryptoassets for individuals: Capital Gains Tax: allowable expenses

Thank you.

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