UK Crypto Taxes ????
Crypto gains? Staking or mining income?We’re here to support you with the boring but inevitable stuff... taxes.
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Crypto Capital Gains Tax
Any trade will create a taxable event and is taxed under Capital Gains Tax (CGT) rules in the UK:
- Crypto to crypto
- Crypto to stable coin
- Crypto to fiat If staking rewards are held and lead to an increase in value - this can lead to a CGT liability.?You need to file, if your gain is over £12,300 - this is your personal capital gains allowance.
Staking, mining & lending
Staking and mining rewards are taxed under miscellaneous income at your current tax rate.DeFi lending protocols are taxed under income tax where ‘interest’ is paid in the form of rewards or tokens.You need to file a tax return if you made £1,000 or more in earnings.
How am I taxed?
If your crypto gains or income passed the threshold you will need to pay tax via a Self Assessment tax return. This will include details of all your income - from employment or self-employment.
The rates at which you are taxed, will depend on your other earnings. We’ll help you maximise your tax efficiency by picking the relevant deductions, credits and reliefs applicable to you.
Simple, transparent pricing
We believe Taxd should be accessible to all, you pay for the support you need.
Employment
Self-employment
Ltd Co Director
Interest & Dividends
Rental Income SA105
Foreign Income SA106
Capital gains
Pension
State benefits
Residence, Remittance etc. SA109
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Surcharges
Simple£35Pay when you submit
EmploymentIf solely employed
If solely employedSelf-employmentIf turnover is less than £12,570
If turnover is less than £12,570Director of an Ltd company
Investments
Property
Credits & deductions
Capital gains
Pension
State benefits
Residence, remittance, etc
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Surcharges
Full Tax Return£90Pay when you submit
Employment
Self-employment
Director of an Ltd company
Investments
Property
Credits & deductions
Capital gains
Pension
State benefits
Residence, remittance, etc
Support
Surcharges
Start your tax returnYour filing and payment deadline is 31 January 2023. File by 30 Nov for a 10% discount on the £90 fee.