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CGT on crypto, separate pools or one pool ?
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optoutDB
Posts: 102 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.
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OK, so I guess it wasn't too hard to find!
https://www.gov.uk/hmrc-internal-manuals/cryptoassets-manual/crypto222000
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