CGT on profits from Cryptoassets held for less than 30 days

startrim

Most of my holdings are held for months or years but I had a small amount of a Cryptocurreny that I bought and sold within about 3 weeks.
Bought for £118 and sold for £237. Is the profit just added to my other Cryptocurrency profits regarding CGT or is it treated in a different way because it was held for less than 30 days?

Jeremy535897

See https://help.recap.io/en/articles/3315590-how-does-hmrc-s-pooling-rule-work-for-cryptocurrencies

startrim

Thanks for the link.

In my example in post 1, I assume that would fit into the bed and breakfast rule, FIFO.
I made 2 buys and 1 sell within 24 days.
So, as far as I can see, the £119 profit is added to any other gains for that tax year regarding CGT.

Jeremy535897

startrim said:

Thanks for the link.

In my example in post 1, I assume that would fit into the bed and breakfast rule, FIFO.
I made 2 buys and 1 sell within 24 days.
So, as far as I can see, the £119 profit is added to any other gains for that tax year regarding CGT.

Based on your stated facts, yes.