terari sentrau
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RE: Crypto Tax
- Additional info, I invested £3000, had £4000 in gain/profit -
Crypto Tax
Hey there, I am Self employed. If I made gains from selling crypto (£4000) which is below the allowance, am I still required to declare the crypto assets sold in the capital gains section when submitting my self assessment? The HMRC website states the following: If your total gains are less than the tax-free allowance You do not have to pay tax if your total taxable gains are under your Capital Gains Tax allowance. You still need to report your gains in your tax return if both of the following apply: -the total amount you sold the assets for was more than 4 times your allowance -you’re registered for Self Assessment so only one of the points above apply to me (registered for self assessment) so i take it I dont have to report anything as per guidance? Thanks