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Bitcoin and CryptocurrencyTax

Paying tax on your crypto gains

mike@gosimpletax

A couple of years ago, an estimated five million people in the UK held cryptoassets (often shortened to crypto), which is about 10% of the adult population. Although the buzz around crypto isn’t what it was, large numbers of people around the world continue to

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Bitcoin and CryptocurrencyTax

Paying UK tax on crypto: key facts for investors

mike@gosimpletax

About 20% of UK adults are reported to own cryptocurrency, with almost 45% of them having invested in the past year or two. Buying crypto accelerated during the pandemic, with UK ownership levels now similar to Germany, Ireland and other European countries. Most UK crypto

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Bitcoin and CryptocurrencyTax

Tax Implications of Cryptoassets?

mike@gosimpletax

What are the tax implications of cryptoassets? Research suggests that some 2.3m adults in the UK now hold cryptoassets (also called cryptocurrency, crypto tokens or just “crypto”). That figure has increased by more than 400,000 since 2020 (source: Financial Conduct Authority), with more and more

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Recent Posts

  • 15 things every UK landlord should know about Capital Gains Tax May 23, 2025
  • Why file your Self Assessment tax return in April? March 10, 2025
  • Yikes! MTD for ITSA introduction not far off! February 3, 2025
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