🧵 #Bitcoin #Tax Scenario: Gifting and Selling Bitcoin in the UK Scenario: Person A buys 0.1 Bitcoin at £30k/BTC (£3,000 total). They then gift this Bitcoin to Person B when the price is £40k/BTC (£4,000 total). Person B sells the Bitcoin 6 months later for £50k/BTC (£5,000

Happy Bank Holiday Monday #Bitcoin and #Crypto taxes What can I help you with? #UKTax

Who's moving to Nostr? I need to set this up ASAP #Bitcoin

🧵THREAD: Potential Capital Gains Tax Increase in the UK Autumn Budget 2024 🚨 As we approach the UK government's Autumn Budget, speculation is mounting about potential changes to Capital Gains Tax (CGT). With the government seeking to balance its books, an increase in CGT

Ok 2 questions Do you have a #Bitcoin strategy? If so are you willing to share. Mine is ....

🚨 COMPETITION TIME! Spare pair of tickets for Tottenham Hotspur v Arsenal! (I have 4 tickets but only need 2 of them) To be in with a chance, all you have to do is: FOLLOW + LIKE + REPOST + REPLY WITH YOUR FAVOURITE EVER ARSENAL PLAYER! I'll pick a winner next week. #NLD

📢 In the UK, #Bitcoin and other #cryptocurrencies are treated as assets, not currencies. This means every time you spend or dispose of Bitcoin, you may trigger a **Capital Gains Tax (CGT) event**, even for small transactions. 🔍 HMRC views Bitcoin transactions similarly to

In the UK, businesses accepting Bitcoin for goods/services must account for the transactions similarly to traditional currency. But, there are a few key differences to consider. 📊💼 HMRC Guidance treats Bitcoin as an asset (like property), not currency. So, every Bitcoin

🧵 Thread: Tax Benefits of a #Bitcoin SSAS Pension for Your Business 🚀 Are you a business owner looking for a smart way to grow your wealth while maximizing tax benefits? A Bitcoin SSAS (Small Self-Administered Scheme) pension might be the perfect solution for you! 📈💼 With

A breakdown of UK #Bitcoin & #cryptocurrency #Tax General Tax Treatment of Bitcoin 1. How is Bitcoin classified for tax purposes in the UK? Bitcoin and other cryptocurrencies are typically treated as assets or investments by HMRC. 2. Is Bitcoin taxable in the UK? Yes,

I have been asked to comment on whether this new legislation on Digital Assets introduced yesterday affects UK tax At this moment there is no change to the way the tax works, the legislation however, is a good thing for the #Bitcoin #Crypto and #NFT space The bill will help

If you're in the UK and support #Bitcoin, read this tweet and sign up Bitcoin Policy UK does some amazing work, mostly through volunteers. These are the pioneers of this Bitcoin industry in the UK. Any pledge or donation will help, but this membership scheme is a great and

A little more detail on my last tweet from.the great Freddie at BPUK

🧵 Thinking of leaving the UK and becoming a non-UK tax resident? Let’s talk about how you can tax efficiently handle your Bitcoin and Crypto holdings. #CryptoTax #Bitcoin 📍 Non-UK Tax Residency: First step is ensuring you qualify as a non-UK tax resident. The UK Statutory