Cryptocurrency

[jamesbrown]

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

"Millions of taxable events".

[AtW]

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)

[_V_]

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!

[jamesbrown]

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.

[AtW]

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.

[AtW]

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

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

[IsayIsayIsay]

Reality is what we choose it to be.

[jamesbrown]

Borrowed from Twatter:

With inflation at 7.5%, you lose half your money in 9 years. The only way to outperform that consistently, that I have found, is crypto. Just this year I’ve already lost half my money.

[Jog On]

https://www.theverge.com/2022/2/14/2...-investigation

The UK’s tax department, Her Majesty’s Revenue and Customs (HMRC), says it’s the first authority in the country to seize an NFT

[AtW]

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!

I did not cross my mind to take massive capital risks and engage in activity that can be later traced back to you as money laundering etc only for £12k tax free amount.

I guess at least now we can put to rest bulltulip that gains from tuliocoins are tax free cuz it's gambling. Well, it's still total gambling, just with CGT tax attached.