HODL = No CGT: No tax if you don’t sell; disposal triggers CGT.
CGT rates are up: Selling bitcoin now incurs 18% for the basic rate (it was 10%) and 24% for the higher rate (it was 20%).
Thanks recap.io for the summary!
#UKBudget #Bitcoin
bitcoinpolicyuk on Nostr: UK Budget Update for Bitcoin Holders. HODL = No CGT: No tax if you don’t sell; ...
UK Budget Update for Bitcoin Holders.
HODL = No CGT: No tax if you don’t sell; disposal triggers CGT.
CGT rates are up: Selling bitcoin now incurs 18% for the basic rate (it was 10%) and 24% for the higher rate (it was 20%).
Thanks recap.io for the summary!
#UKBudget #Bitcoin
HODL = No CGT: No tax if you don’t sell; disposal triggers CGT.
CGT rates are up: Selling bitcoin now incurs 18% for the basic rate (it was 10%) and 24% for the higher rate (it was 20%).
Thanks recap.io for the summary!
#UKBudget #Bitcoin