UK Investors to Pay Capital Gains and Income Tax on Bitcoin Investments

The U.K. government has said that individual investors will be liable to pay capital gains tax each time they sell crypto assets such as BTC for profit. In new taxation guidelines published Dec. 19, Her Majesty’s Revenue and Customs (HMRC) also stated that digital assets received from employers in lieu of cash or gained from mining activities and airdrops will be taxed in line with existing income tax and national insurance contribution laws.

Also read: Bibox Buys 100% Shares of Decentralized Exchange Dex.top

Original source
https://news.bitcoin.com/uk-investors-to-pay-capital-gains-and-income-tax-on-bitcoin-investments/

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