sarzso

HI, According to CRYPTO21250 - Cryptoassets for individuals: Income Tax: airdrops https://www.gov.uk/hmrc-internal-manuals/cryptoassets-manual/crypto21250 Do I have to pay income tax if I get airdropped tokens only because of holding a different token? Do I have to pay income tax if I get airdropped tokens because I have been told if I lock up a specific token for a period of time than I will have get x amount of new tokens? If I get airdropped tokens what is subject to income tax and I only know the USD value of it how do I specify the exchange rate to GBP. Let's say that a new token is generated and airdropped on the same day at 11:35 without any known price value and than the token is available to trade on exchanges from 12:00 with the starting price of $0.1 and than the price fluctuates between $0.10 and $1 on that day. What price do I have to use to calculate the GBP value for the income tax? Thanks.