Martin Lewis discusses UK's complex cryptocurrency tax system, with potential overlap between capital gains tax and income tax for traders and miners.
Martin Lewis highlights the UK's complex cryptocurrency tax system, as HMRC doesn't view digital currency as a true currency for tax purposes. Cryptocurrency traders and miners may face varying tax burdens due to the overlap between capital gains tax and income tax, potentially leaving traders unaware of their tax obligations. In a recent podcast, Lewis discussed these complexities with tax experts Kari Mellon and Rebecca Benneyworth.
June 28, 2024
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