We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
CGT on crypto, separate pools or one pool ?
optoutDB
Posts: 104 Forumite
in Cutting tax
I have some crypto coins at exchange A which are back to even (Yay!). And some more of the same coin bought more recently at exchange B which are now in profit (>£3k)
I want to move away from exchange A because it's a bit expensive to buy/sell (it's SKRILL and they sell the crypto for Euros and then charge a FX fee to convert to GBP !).
Can I treat all my coins of this type as one pool, so that I can sell coins from exchange A and treat them as having made a profit. Plan is to sell enough of them to take £3k profit this FY.
I want to move away from exchange A because it's a bit expensive to buy/sell (it's SKRILL and they sell the crypto for Euros and then charge a FX fee to convert to GBP !).
Can I treat all my coins of this type as one pool, so that I can sell coins from exchange A and treat them as having made a profit. Plan is to sell enough of them to take £3k profit this FY.
0
Comments
-
OK, so I guess it wasn't too hard to find!
https://www.gov.uk/hmrc-internal-manuals/cryptoassets-manual/crypto222000
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards