Cryptoassets have undoubtedly grown in popularity over the past year and with cryptocurrency prices increasing at a rapid rate, many investors are likely to have made sizeable gains. But are investors aware of UK crypto tax implications?

In a statement released in 2019, HMRC confirmed that individuals selling cryptoassets will be subject to capital gains tax (CGT) on any profits made, over the tax-free annual allowance threshold. These gains will need to be reported to HMRC on a self-assessment tax return.


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