Crypto taxes in the UK challenges
The law in the UK taxes cryptocurrencies with tax rates depending on the nature of the transactions, with several caveats that investors need to address each tax season.
Cryptocurrencies can be taxed at a capital gains or income level, with tax rates going from 0% to over 40%. Due largely to the complexity of crypto taxation, research indicates that over 99% of investors are not reporting their taxes, facing high penalties.
The leading crypto tax software since 2013, CoinTracking, has addressed these challenges and becomes the go-to solution for investors.
A crypto tax tool designed for the UK
With a crypto tax software like CoinTracking, UK-based investors can track their crypto portfolios by importing trades from hundreds of exchanges, crypto wallets and blockchain networks.
From there, investors can benefit from 25+ advanced reporting features, including discovering which coins in their portfolio could be eligible for a lower tax rate based on their holding period.
With these features, investors can gather all the…
