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Declare crypto on Self-Assessment tax return?
Comments
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masonic said:Yes, based on those figures your net gain would be below the allowance and wouldn't need reporting.
Well, that's a relief as it means I can deleverage now that the market is up. I'd sell all my BTC and leave the XRP and XLM as those are doing well.
And with another £3k after 6th April (assuming no market crash) I think that's all the deleveraging I want to do.
The only issue for me then is finding a base price for my XRP and XLM, which I have certainly not given up on. I reckon I must have a wallet I have forgotten about in Coinomi, or somewhere else.
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I'm sure another coin will come along that takes your fancy, and perhaps you'll be able to gradually move those holdings over, erasing the past issues. Who knows, a more generous CGT allowance may one day return.
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