Crypto regrets

PoGee

Are you American Scottex99 or a Brit living in the US?

Scottex99

Scottish, living in Gibraltar

otherwayup

Is there any other way, other than self assessment, for my wife to inform HMRC that she sold some BTC that I gifted her, for a capital gain below the CGT allowance?

"we" would like it documented with HMRC that the gift and subsequent sale took place last tax year, etc.,  but dragging her into S.A. seems overkill when no CGT will be due.

If they insist on S.A. for relatively small value stuff like this, they will be workload overloaded.

masonic

otherwayup said:

Is there any other way, other than self assessment, for my wife to inform HMRC that she sold some BTC that I gifted her, for a capital gain below the CGT allowance?

"we" would like it documented with HMRC that the gift and subsequent sale took place last tax year, etc.,  but dragging her into S.A. seems overkill when no CGT will be due.

If they insist on S.A. for relatively small value stuff like this, they will be workload overloaded.

If below the annual exempt amount, you don't need to declare it unless the amount disposed was >£50k.

DjangoUnchained

in the past ive used coinbase but for small amounts the percentage charges seem quite high if you want to DCA, are there any recomendations with lower charges?

GeneralSpender

This so-called 'Crypto Week' kicking off in the US today screams of a 'buy the rumour, sell the news' event, so I'd be cautious about doing anything other than averaging in over the next few weeks with whatever your initial investment is intended to be.

Scottex99

DjangoUnchained said:

in the past ive used coinbase but for small amounts the percentage charges seem quite high if you want to DCA, are there any recomendations with lower charges?

Coinbase Pro? Kraken Pro?

I've not used crypto services from UK for a while and I know FinProm etc is causing a few issues.

Some exchanges tend to funnel retail users into their easy "Swap" UI where they try to charge them 3-4%. If you use the Pro versions, you can normally see the order book and even on a basic market order, you pay much less.

For a small amounts you could also try Revolut, I do they odd small one through RevX and the fee's are normally no more than 10p

PoGee

Scottex99 said:

Scottish, living in Gibraltar

Hope you're ok and not affected by the earthquake.

alfred64

Genuine or Scam?

[Link removed by Forum Team]

MeteredOut

alfred64 said:

Genuine or Scam?

[Link removed by Forum Team]

Is this a serious question whether a blatant copy of the BBC website, with a URL that is not bbc.co.uk, is genuine?