Cashing out cryptocurrency taxes uk

cashing out cryptocurrency taxes uk

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The Easiest Way To Cash Out Crypto TAX FREE
When you dispose of cryptoasset exchange tokens (known as cryptocurrency), you may need to pay Capital Gains Tax. You pay Capital Gains Tax. This means that, in HMRC's view, profits or gains from buying and selling cryptoassets are taxable. This page does not aim to explain how cryptoassets work. Any money made from crypto as an income will count towards your income tax: 0% to 45% depending on your tax band in England, Wales and Northern.
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