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Cryptocurrency

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  • AtW
    replied
    India’s Central Bank Chief Says Crypto Is ‘Not Even a Tulip’

    https://www.bloomberg.com/news/artic...premium-europe

    Leave a comment:


  • AtW
    replied
    Originally posted by _V_ View Post
    You realise that everyone has a £12,300 CGT allowance per year, so this is good news, it means another £12,300 pa can be made lending or staking crypto tax free. Kerrrrching!
    Likely to be cut to 2-3k soon, cuz it's only fair.

    Leave a comment:


  • jamesbrown
    replied
    Originally posted by _V_ View Post

    You realise that everyone has a £12,300 CGT allowance per year, so this is good news, it means another £12,300 pa can be made lending or staking crypto tax free. Kerrrrching!
    It's good news for everyone except cryptocretins who only make capital losses.

    Leave a comment:


  • _V_
    replied
    Originally posted by AtW View Post
    It gets better...

    "SHEETCOINS61000 - Decentralised Finance: Lending and staking: contents"

    https://www.gov.uk/hmrc-internal-man...al/crypto61000

    Lending or staking tulipcoins maybe classed as a disposal by HMRC for tax purposes (CGT due)

    You realise that everyone has a £12,300 CGT allowance per year, so this is good news, it means another £12,300 pa can be made lending or staking crypto tax free. Kerrrrching!

    Leave a comment:


  • AtW
    replied
    It gets better...

    "SHEETCOINS61000 - Decentralised Finance: Lending and staking: contents"

    https://www.gov.uk/hmrc-internal-man...al/crypto61000

    Lending or staking tulipcoins maybe classed as a disposal by HMRC for tax purposes (CGT due)

    Leave a comment:


  • jamesbrown
    replied
    https://www.telegraph.co.uk/investin...ont-let-spend/

    "Millions of taxable events".

    Leave a comment:


  • AtW
    replied
    Originally posted by Jog On View Post
    cashed out a couple of weeks ago, got a small short position targeting around $30kish where I'll probably load up again.
    I find your lack of faith in crypto superiority very disturbing...

    It's always like this - top cheerleaders cash out and mugs count their losses.

    Don't forget to pay CGT on your dirty unearned gains.

    Leave a comment:


  • Jog On
    replied
    Originally posted by AtW View Post
    Any signs on the ground of crypto-bros jumping out of skyscraper's windows?
    cashed out a couple of weeks ago, got a small short position targeting around $30kish where I'll probably load up again.

    Leave a comment:


  • jamesbrown
    replied
    Originally posted by _V_ View Post

    No idea but I've bought some more BTC, ETH and other solid crypto names in the 1/2 price sale.
    You mean the double-price sale.

    Leave a comment:


  • northernladuk
    replied
    Originally posted by AtW View Post
    Any signs on the ground of crypto-bros jumping out of skyscraper's windows?
    Hopefully they are supporting each others mental well being and asking each other how they are hodling out.

    Leave a comment:

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