lekushouse
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RE: CGT Loss on Crypto Tokens : Filling in the form correctly
That is very problematic question I have not found the answer yet on the internet or any accountant was able to answer. The answer above does not address the issue I am afraid and is very general. Could you please point exactly what boxes should be filled in. I am sure HMRC is familiar with Koinly and their reports. All details and questions below. Example: (numbers from koinly hmrc report) Proceeds from sale £101k (box 15 in SA108), Acquisition costs £89k (box 16), Gains in the year, before losses £14k (box 17), Losses in the year £2k (box 19). There is one more figure from koinly report called Net gains which is £12k, but it seems you do not put that in sa108. it is clearly the difference between proceeds and costs (also between gains and losses). But on the next page in sa108, losses are ignored, only gains stay (£14k in this case, however net gains are £12k and they should be used for cgt). Where do I make a mistake? And please do not mix it with boxes 45-47, these are for losses from past and future years. I am sure there are many people investing in cryptoassets wanting to file Self Assessment properly, but how can it be done when there are no concrete answers from HMRC except 'please follow the guidance'. Kind Regards