Cryptocurrency has become the latest financial and accounting trend across the globe in recent years. It’s going to grow in popularity fairly fast, so the chances are you will need to have an understanding of it. As with anything new, there are many new technical terms associated with cryptocurrency that can be quite difficult…
Tag: Crypto
Turas Crypto - Capital Gains and Cryptocurrency
The current regulations that the HMRC have set in place for the UK regarding cryptocurrency is that an individual will be liable to pay Capital Gains Tax (CGT) when they dispose of any crypto assets they may have. What classes as a disposal for Capital Gains Tax (CGT)? If you are classed as…
Turas Crypto - When are you classed as a trader?
The world of cryptocurrency is a huge one. There are many different levels of trading and investing in cryptocurrency, and it can become confusing when you are wanting to work out what bracket you and your business are classed under. Just like any other income you have, it is important you are logging it correctly…