Do you know
THE TAXABLE ACTIVITIES IN THE CRYPTO WORLD?
1. Staking Interest 2. Airdrops 3. Mining
CRYPTOCURRENCY & TAX
If you’re considering taking payment in cryptocurrency, there’s a lot to think about. We can help you understand the current Cryptocurrency tax implications in the UK and work to take the uncertainty out of compliance and tax reporting to HMRC.
Spot Trading:
Buying and selling tokens and coins at a spot price for immediate settlement.
Airdrops:
An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses.
Staking:
Staking is a way to use your crypto holdings or coins to earn additional rewards.
Mining:
It is a process of creating new crypto coins by solving complex mathematical equations.
NFTs:
A non-fungible token is a unique and non-interchangeable unit of data stored on a digital ledger. You can buy and sell your NFTs on the secondary market.
