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Crypto - NFT Income and Expenses

Posted Fri, 18 Aug 2023 10:00:12 GMT by
Hello, I am hoping someone is able to help shed some light on this scenario :-) I currently earn an income via NFT's, I know I am liable for income tax etc.. and that is fine, what I would like to know is am I able to expense the maintenance fee that I have to do to keep the NFT generating income. Thanks Jason
HMRC Admin 20 Response
Posted Wed, 23 Aug 2023 15:22:00 GMT by HMRC Admin 20 Response
Hi Some Crypto Guy,

Please refer to CRYPTO22150 - Cryptoassets for individuals: Capital Gains Tax: allowable expenses 

Thank you.

 

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