HMRC has announced that some people will be taxed under income tax if they are actively trading crypto in the uk. UK crypto tax is usually under the capital gains tax rules but if you meet these conditions then you mey have more tax to pay than you expected. Find out all about the definition of trading for crypto tax in this video!
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Timestamps
00:00 Intro
01:00 Impact on Tax
03:42 Factors to Consider
07:27 Crypto Tax Trading Factors
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Hello and welcome to Making Tax Simple, my name is Jack and I am a junior accountant working in tax. My aim is to support your understanding of tax in the ever changing world as well as taking you along my journey studying tax qualifications.
Using my knowledge and practical experience I will provide you guidance to learn more about some of the key areas of tax and what they may mean for you. If you do have any specific comments or questions about tax that you would like me to cover in videos, be sure to add them to the comments section and I will respond. If you are new around here, please be sure to hit like and subscribe for more tax information and eduction to support you in understanding where your hard earned money is going!
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