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Cgt on crypto.... Same as savings interest?

sgx2000
sgx2000 Posts: 531 Forumite
Fourth Anniversary 100 Posts Name Dropper
in Cutting tax
Probably a stupid question

I have savings that I will owe tax on...
I also have some bitcoin. I intend to sell £3000 before april....

£3k is within my cgt allowance, but is this added to savings interest tax?

Comments

  • Keep_pedalling
    Keep_pedalling Posts: 21,131 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    No, and, assuming you have no other gains, you can sell more than £3000 tax free as it is only the gain that is taxed not the total proceeds. 
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