Tax regarding Crypto Trading as a Business | Trading Taxes

Written By Malik Ali

Crypto Trading Tax as a Business: Dealing with crypto transactions as a business is more complicated than dealing with these transactions as an individual.

Some things to take note of Crypto Trading Business Tax:

  • Various types of taxes to consider – Capital Gains Tax, Income Tax, Corporation Tax, Stamp Duties, and VAT.

  • Keep in mind that some individuals are treated as businesses which is contingent on their level of activity. If considered as a business, then transactions that are viewed as trading will be subjected to be taxed as Income Tax over Capital Gains Tax.

  • When it comes to trading in shares, securities, and more, you can refer to the Business Income Manual (BIM56800).

CRYPTO ACCOUNTANTS and Tax Advisor in The UK

To assist in your all tax needs for your business, Crypto Accountants aim to be your crypto tax expert to handle all your requirements, whilst helping you gain maximum profit in the process.

To contact us, visit our website at: https://www.cryptoaccountants.live/

Malik Ali
Previous

How to Calculate Capital Gains Tax | Taxable Income Rates
Next

How to calculate your crypto cost basis methods; HMRC Policy