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Cryptocurrency
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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)
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Originally posted by AtW View PostIt 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)
First Law of Contracting: Only the strong surviveComment
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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!Comment
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Originally posted by _V_ View PostYou 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!
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India’s Central Bank Chief Says Crypto Is ‘Not Even a Tulip’
https://www.bloomberg.com/news/artic...premium-europe
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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.Comment
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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"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by _V_ View PostYou 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 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.Comment
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