How Are Cryptocurrencies Taxed In The UK? Today we’re sharing a complete guide on crypto tax for beginners and crypto investors. Learn more about Cryptocurrencies and Earn up to £10 worth of Bitcoin for Free as you learn with COINBASE EARN: https://www.coinbase.com/partner/penny

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DISCLAIMER: Cryptocurrencies can be variable and go down as well as up. Please do your own research and build your understanding. Coinbase can help you get started at https://coinbase.com/learn. This sector is unregulated in the UK and a high risk investment. Capital at risk.

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Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

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This video is part of a series. Here is the first video in the series:

What is Cryptocurrency for Beginners: https://youtu.be/CkDL_RUZV_w

How To Invest In Cryptocurrencies For Beginners 2021: https://youtu.be/QSkjOXyNZGw

Top 10 Cryptocurrencies To Invest In For Beginners 2021: https://youtu.be/rbNAE2TkvOc

★★ LINKS MENTIONED IN THIS VIDEO ★★

Government Crypto Manual:
https://www.gov.uk/hmrc-internal-manuals/cryptoassets-manual/crypto20000

Government Guide on Tax From SELLING Crypto:
https://www.gov.uk/guidance/check-if-you-need-to-pay-tax-when-you-sell-cryptoassets

Government Guide on Tax From RECEIVING Crypto:
https://www.gov.uk/guidance/check-if-you-need-to-pay-tax-when-you-receive-cryptoassets

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How To Invest During ANY RECESSION **without worry** (2020) – https://youtu.be/DJihSTlv0EY

How To Invest £100/month – https://youtu.be/xYwGXW6c728

HOW TO INVEST £1000 – https://youtu.be/0jRQk8Xkvxg

How to INVEST IN STOCKS for DIVIDEND Passive Income – https://youtu.be/fQBcU90ZVKQ

ETFs vs INDEX FUNDS | How To Invest Money In Stocks UK – https://youtu.be/dtEPOqfIxRI

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Investing For Beginners UK (STEP-BY-STEP GUIDE) – https://youtu.be/u4n8f-YL5_I

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MARY:

I’m married to Ken and we have two boys aged 6 and 4. I’m a Londoner, born in Hackney! 🙂

Day to day, I run the operations of The Humble Penny as a creative – doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.

KEN:

I’m a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I’ve spent the last 20 years on a steep journey of Personal Development.

Former CFO with over 12 years of experience in the investment business. I’m also a Chartered Accountant and hold an MBA from Cambridge University.

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★★ TIME STAMPS ★★

0:00 – Intro to crypto tax
1:56 – 1. How Does HMRC Treat Crypto Assets?
3:43 – 2. When Is Tax Due On Crypto Assets?
6:40 – 3. What Taxes Apply To Crypto Assets?
7:42 – 4. Do You Pay Tax If You Don’t Trade Crypto?
8:14 – Learn & Earn crypto with Coinbase
9:22 – 5. How are Cryptocurrencies Taxed In The UK? + Demo
16:39 – 6. What If You Gift Your Crypto To Your Spouse or Civil Partner?
17:06 – 7. What Records Should You Keep To Plan For Tax On Crypto?
19:25 – 8. How Do You Tell HMRC About Tax Due and Pay Your Tax?
20:25 – 9. Do Businesses Pay Tax On Cryptocurrencies?
21:08 – 10. How Can You Learn More About Tax On Crypto Assets?
21:22 – Conclusion

★★ About this video ★★

How Are Cryptocurrencies Taxed In The UK?

Best, Mary and Ken Okoroafor

NOTE: For FULL Transparency, some links above may be Affiliate Links. We do NOT offer Financial Advice.

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