Cryptocurrency

The future of finance

At this point, it would be surprising if you hadn’t heard of Bitcoin or other forms of cryptocurrency. But investing in it takes a bit of know-how if you want to make a reasonable return.

Although it may seem like cryptocurrencies are out of reach from HMRC, you would be sorely mistaken.

With the amount of money being funnelled into crypto, HMRC aims to ensure investors pay their fair share of tax on any profits made.

As crypto can be a bit of a minefield, we’ll be there to help you with your tax obligations whether you invest, trade or exchange.

If you do sell and buy cryptoassets, you’ll be liable to pay capital gains tax on anything over your annual exemption. So, we’ll calculate your gains and make sure you pay the right amount to HMRC.

Not only this, but crypto is also in the scope of your income tax, so it’s best not to avoid paying this.

Also, if you didn’t know, cryptoassets are in the same asset class as property so will be subject to inheritance tax. So if you are planning on passing some to your family, we can help you do this tax-efficiently.

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