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Cryptoasset tax
Cryptoassets
What an interesting emerging area for tax, mostly the gains are treated as capital gains at 10% and 20% rather than as income tax at 20%, 40% and 45% for individuals, and at the corporation tax rate (currently 19%) for companies. We assess which category a client’s crytoasset activity falls into and calculate gains and losses accordingly. Recording capital losses is very important for claiming tax relief on future gains.
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