Cryptocurrency
Cryptocurrency
Out of context: Reply #67
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- Hayzilla0
Stupid Question.
I'm in the UK and bought £1k of Bitcoin in December.
It's at £1.5k right now. If I cash out to my bank account if it reaches say £5k. Will I get taxed at all?- https://www.gov.uk/g…Nairn
- ^ Thanks. So it seems it's tax free until £12,300. After that it's 50% CG Tax. Wow.Hayzilla
- How about crypto traders? How they get taxed?grafician
- Gambling wins don't appear to be taxed in the UK though, somewhat ironically.Nairn
- There's a product there.Nairn
- i'm gonna keep all mine in until im ready to cash out at 50M when i move to some nation that doesn't taxhardhat
- $4k income will be taxed. Why on earth wouldn’t it?monospaced
- Oh. So jelly. In the US they tax any and all capital gains that I know of.monospaced