General Tax

How are profits made from trading cryptocurrencies taxed in the UK?

Recent months have seen high price volatility in the cryptocurrency market. But even JP Morgan boss Jamie Dimon has said that he regrets calling Bitcoin a “fraud”; now saying that he believes that blockchain technology is “real”. Cryptocurrencies and the technology that underpins them are here to stay in one …

How are profits made from trading Bitcoin taxed in the UK?

Recent months have seen high price volatility in the cryptocurrency market. But even JP Morgan boss Jamie Dimon has said that he regrets calling Bitcoin a “fraud”; now saying that he believes that blockchain technology is “real”. Cryptocurrencies and the technology that underpins them are here to stay in one …

day-trading-tax-when-losses-exceed-profits

Are Day Trading losses tax deductible?

What happens if your day trading activities result in a loss? If your day trading activities have resulted in a loss, there is the possibility that your losses could be tax deductible. You may be able to offset losses against either capital gains or other income. Whether a trader has …