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Cryptoassets held by individuals: What constitutes “trading” for tax purposes

04/08/2022

What is Trading? It is unlikely that an individual would be treated as “trading” for tax purposes where tokens are only occasionally bought and sold. HMRC acknowledges in its guidance that it would treat individuals who buy and sell cryptoassets as “trading”...

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Authors

Portrait ofStephen Hignett
Stephen Hignett
Partner
London
Portrait ofAndre Anthony
Andre Anthony
Senior Associate
London