Kukuber
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RE: Lending cryptocurrency and capital gains tax
Hi, The loan will be made directly to an individual without using any platforms. Kind Regards -
Lending cryptocurrency and capital gains tax
I am considering lending BTC to an individual overseas for a specific period and with interest. The agreement will be drafted and signed by a solicitor, and the loan will be repaid in the same cryptocurrency with interest paid in the same cryptocurrency. I am aware that the income from the interest earned will need to be reported, and income tax will have to be paid on it. I need to confirm if lending out my BTC will be considered as a disposal for capital gains tax purposes.