Bitcoin investors are being chased by HMRC for tax on ...

NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
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CryptoCurrencies

We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!
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Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority | Exchanges Bitcoin News

Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority | Exchanges Bitcoin News submitted by hiimanobody to darknet [link] [comments]

Bitcoin Taxes UK

I've recently bought 0.1 BTC on binance and sent it to another wallet for an investment. Say it turns out well and I get back 0.3 BTC after some months on my binance wallet(as an example amount, I know this is not possible lol) Would I have to pay taxes on that 0.2btc profit if I don't exchange it back to £? If so, what exchange rate should I use? Any specific tips for the UK? Sorry if any of this sounds stupid, I'm really new to crypto investments/taxation.
submitted by cpitaa to Bitcoin [link] [comments]

Beware CGT!!! UK tax on BTC even when you think it doesn't apply to you!!! (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Cryptocurrency Taxes in the UK (2020 Guide) (x-post from /r/Bitcoin)

Cryptocurrency Taxes in the UK (2020 Guide) (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin Taxes UK (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Making bitcoin easily available in UK

So the other day I used ZipZap service, via Bittylicious to buy some bitcoins for cash and paid via a visit to one of the many 'payzone' outlets available. Since the guy in the shop didn't have a scanner to scan the barcode on the pdf from bittylicious, i persuaded him to let me see the payzone machine and found how to directly key the number in to do the transaction...
Anyway while we were figuring it out, He asked what the payment was for an I began to explain him about bitcoins. Whilst we were talking my bitcoins arrived and he was surprised at the speed of it. Then I told him of the success of the few bitcoin atms in UK and showed the article about the bristol satoshipoint ATM doing £38k turnover in a month and netting a nice commission in the process. He was intrigued so i continued talking about how he could easily set up as a bitcoin retail outlet, without an atm... profiting not only from a markup on the bitcoins and his commissions from payzone, but he could do it with no inital outlay and no work other than setting up a bitcoin wallet on his phone, verifiying with bittylicious or zipzap and sticking a 'We sell bitcoin' sticker in the window.
He is now doing a bit research and reading the uk bitcoin tax guidelines etc as well as checking if any aml / kyc best practice might be advised when selling small amounts of bitcoin for cash directly to his customers.
Ill update this thread with the location if and when he goes live with it, in the meantime, there's lots of payzones!
submitted by zooje to BitcoinUK [link] [comments]

If I buy Bitcoin in the UK and sell it in Australia (or vice versa) how does that complicate tax?

I'm a dual citizen but reside in AU - My initial plan is to buy with my UK tax-free inheritance using £GBP, probably wait for a short time for the value to increase to cover the fees, and sell partially for AUD$, while holding the rest as a Bitcoin investment for more than a year, or until the peak of the next bull run.
In Australia if you hold for more than a year there's a 50% discount in capital gains tax, but what if I didn't buy it in Aus?
I'm unsure how to pay the least tax when I sell Bitcoin. The UK tax-free exemption yearly limit for all investments is £11,700 so perhaps I can sell this much worth for £ each year. Then if I spend it with my UK debit card in AU does that have tax implications in AU?
Thanks!
submitted by aceventura33 to Bitcoin [link] [comments]

UK Tax authority wants to track your Bitcoin

UK Tax authority wants to track your Bitcoin submitted by DecryptMedia to Bitcoin [link] [comments]

UK tax authority wants to track your Bitcoin

UK tax authority wants to track your Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

UK Tax authority wants to track your Bitcoin

UK Tax authority wants to track your Bitcoin submitted by SaneFive to CryptoCurrencies [link] [comments]

UK Tax authority wants to track Bitcoin transactions

submitted by SaneFive to tax [link] [comments]

UK tax authority wants to track your Bitcoin

UK tax authority wants to track your Bitcoin submitted by SaneFive to Crypto_Currency_News [link] [comments]

Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities - pymnts.com

Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities - pymnts.com submitted by prnewswireadmin to cryptonewswire [link] [comments]

UK Introduces New Crypto Tax Rulings, Says Bitcoin is not Money

UK Introduces New Crypto Tax Rulings, Says Bitcoin is not Money submitted by moneyshouters to u/moneyshouters [link] [comments]

UK’s new crypto-tax guidance refuses to recognize Bitcoin as money

submitted by cryptoallbot to cryptoall [link] [comments]

UK Tax Office Updates Guidance on Bitcoin and Crypto

UK Tax Office Updates Guidance on Bitcoin and Crypto submitted by n4bb to CoinPath [link] [comments]

UK Tax Office Updates Guidance on Bitcoin and Crypto

UK Tax Office Updates Guidance on Bitcoin and Crypto submitted by Ranzware to BitNewsLive [link] [comments]

UK Tax Office Updates Guidance on Bitcoin and Crypto

UK Tax Office Updates Guidance on Bitcoin and Crypto submitted by Link0000054 to Bitcoin_2019 [link] [comments]

UK’s new crypto-tax guidance refuses to recognize Bitcoin as money

UK’s new crypto-tax guidance refuses to recognize Bitcoin as money submitted by akshayks1995 to Crypto_Currency_News [link] [comments]

Moonday Mornings: Bitcoin isn’t money, says UK tax authority

submitted by Ranzware to Ranzware [link] [comments]

UK Tax Office Updates Guidance on Bitcoin and Crypto

submitted by MountBlanc to bitcoinmeetupsx [link] [comments]

UK's new crypto-tax guidance refuses to recognize Bitcoin as money

UK's new crypto-tax guidance refuses to recognize Bitcoin as money submitted by n4bb to CoinPath [link] [comments]

Britain to End Bitcoin Tax? -- Mt. Gox Call Center ... Can You Use Bitcoin for a Tax Haven? BREAKING BITCOIN NEWS  NO TAX ON US BITCOIN TRANSACTIONS!!! $7,500 NEXT? If You Own Bitcoin, Here's How Much You Owe In Taxes ... How To Do Taxes For Bitcoin: Cryptocurrency

bitcoin tax UK Legality of Cryptocurrencies. As with all new technology – it takes time for regulators to catch up. Cryptocurrencies are not yet being fully implemented into the legal framework of many countries across the globe. Most cryptocurrencies use around the world is legal and unregulated at present including US and UK. Some countries have incorporated it into their financial system ... Bitcoin Taxes in 2020: A Guide to Tax Rules for Cryptocurrency. If you've owned or used bitcoin, you may owe taxes — no matter how you acquired or used it. Here’s how using bitcoin can affect ... In addition, for a non-UK domiciled individual who meet the relevant conditions, their cryptocurrency holdings could benefit from the rebasing provisions, meaning that only gains that have arisen since April 2017 would be subject to tax. Again, we can advise on the most tax-efficient approach for your circumstances. ETC can help with Capital Gains tax on Bitcoin. Crypto tax remains a ... For Capital Gains Tax, sections 275 and 275A of the Taxation of Chargeable Gains Act 1992 provide statutory rules for determining when particular types of assets will be in the UK, but these are ... Therefore, the Bitcoin buyer is liable to capital gains tax on their gain. For example, let's say you bought two Bitcoin three years ago at a price of £230. As the current price of a Bitcoin is approximately £8,000, you would make a capital gain of roughly £15,500. Capital gains tax comes into affect after gains pass the 11,300 threshold, therefore this situation would leave 4,200 to be ...

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Britain to End Bitcoin Tax? -- Mt. Gox Call Center ...

Almost no one seems to pay, but whether you've used bitcoin as an investment or as a currency you owe taxes on it. » Subscribe to CNBC: http://cnb.cx/Subscri... April 14 (Bloomberg) -- University of Florida Assistant Law Professor Omri Marian discusses potential tax abuses using Bitcoin. He speaks on Bloomberg Television's "In The Loop." (Source ... ⛔️LAST DAY OF SALE ⛔️ Bitcoin Blueprint 2.0 🔥 $100 EXTRA DISCOUNT UNTIL JAN 31st 2020 🔥 👉 https://www.btcblueprint.com 🔰Smart Trading with 3Commas 🔥30% OFF... Bitcoin / altcoin tax 101 - Capital gains and first-in first-out - Duration: 8:24. TheBitcoinCPA 16,165 views. 8:24. Bitcoin Twitter Has Been Suspended - Duration: 20:36. For more information, Checkout our Complete 2020 Guide To Cryptocurrency Taxes: https://www.cryptotrader.tax/blog/the-traders-guide-to-cryptocurrency-taxes T...

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