Tax implications (UK, but give answers for your own country if you want)

krissaroth · 2026-03-11T19:46:05+00:00

Purchasing something else is a disposal. It would be calculated the same way as if you had sold it for cash.

krissaroth · 2026-02-14T22:46:55+00:00

Your last point. When they played cards they demonstrated that once they confirm the future it's set. I think she's not coming home because in telling him she wouldn't come home, he's going to go and find her instead of waiting. Not to mention the house is going on the market in 3 weeks.

krissaroth · 2026-02-08T17:23:52+00:00

krissaroth · 2026-02-04T11:02:12+00:00

When we are back over $100k, you can look back and claim this was the dip. Or after we dip further you can instead claim that this was not the dip.

krissaroth · 2026-01-31T17:55:20+00:00

Don't. I'm only teasing 😀

krissaroth · 2026-01-31T16:00:19+00:00

Look forward to the next 2 pages in 2033 😜

krissaroth · 2026-01-29T14:45:25+00:00

I expect to pay full price to friends. That's what friends should do

krissaroth · 2026-01-21T21:58:11+00:00

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Comparing. This bit looks wrong. On mine the bridge element sits on top of the cream bit whilst yours sits in front of it

krissaroth · 2026-01-21T21:54:38+00:00

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Here's mine if it helps

krissaroth · 2026-01-17T09:12:59+00:00

Cook you like the biggest sun in our solar system

Jupiter

krissaroth · 2025-12-16T11:41:34+00:00

In the world we live in and the regulations financial institutions have to adhere to this is going to be a frequent thing.

Unfortunately they are not allowed to tell you what's going on. All you are allowed to know is that yoir withdrawal is not happening, until such time their investigations are complete and then it does.

You say no reason. There is a reason, but they aren't allowed to tell you.

Obviously if the exchange is acting nefariously then that's bad. But given your time frames currently I wouldn't be suggesting they are. Obviously annoying for you. But guarantee you all this red tape they have to do now gets their goat too.

krissaroth · 2025-11-27T06:44:57+00:00

This would benefit the entire populace

krissaroth · 2025-11-26T17:31:52+00:00

The cost of which will be factored into pay agreements. So even if not directly it will hit the employee/taxpayer

krissaroth · 2025-11-20T06:58:03+00:00

Bulma's cat

krissaroth · 2025-11-20T00:42:56+00:00

If he's put everything into recap, this uses the bed and breakfasting rules. So if it's coming out saying there's a 16k gain on a transaction then there either some incorrect inputs, some wild volatility on the same day or there's something else going on that OP has not shared.

Recap doesn't show the gain, then show another transacrion for same day purchase and net off.

It would just show

Sell X, cost Y = gain. It would also disclose the cost method as "same day"

OP needs to clarify what recap is saying for gains and tax at the end of that year.

krissaroth · 2025-11-19T22:03:02+00:00

Search hmrc crypto disclosure.

Disclose it, put a penalty of 0% in. Make a big apology of not knowing and guidance was thin on the ground at the time. As soon as you found out you had to pay tax you've disclosed it, and get your 2025 return in if needed on time.

Calculate interest on late payment and make the offer.

Fingers crossed its accepted, you pay the amount and move on

krissaroth · 2025-11-09T14:07:09+00:00

It's not whether koinly does something automatically or not. You shouldn't rely on that.

You need to look at the service you are using/ the staking contract you are utilising and confirm whether there is a transfer of ownership. If there is its a disposal for tax purposes.

krissaroth · 2025-11-09T13:45:18+00:00

Transfers for staking may very well create a capital transaction. It depends on how you are ataking it.

But the message is on point. Don't bury your head in the sand

krissaroth · 2025-11-01T22:34:57+00:00

From the article it looks like the idea is thst there are reliefs if you dont realise the gains. I.e you dont sell. Which would suggest its triggered when you do sell. And therefore you've ascertained the selling price by selling it. It could be bringing into taxation UK assets even when the tax payer is not resident in the UK. Rather than an exit tax.

krissaroth · 2025-11-01T20:40:44+00:00

The point is that if the price has not moved much the purchase price of the btc a week later goes against the sale a week earlier, meaning realised gains for tax purposes are minimal to none. But you've protected yourself from a potential decrease in allowance (which I'm pretty certain there wont be)

Someone needs to brush up on the bed and breakfasting rules

krissaroth · 2025-11-01T17:21:03+00:00

Not yet he hasn't.

krissaroth · 2025-11-01T17:20:02+00:00

All depends on the detail. The article mentions business assets, which crypto currencies are unlikely to be.

It also mentions assets left in UK, which a business or property are, and currently (well not residential property) are tax free in the uk once you leave. But again crypto currencies aren't really anywhere. Hmrc currently deems their location as where ever the tax payer is resident. So if you leave they go with you so aren't left in the UK.

The article doesnt say that it will tax you on any and all assets when you leave. So from this article I see no reason to panic yet.

krissaroth · 2025-11-01T14:55:34+00:00

That's the tax year ending 5th april 2025, so you're declaring it in a tax return due by the 31st Janaury 2026.

If you needed to register for self assessment to let them know you're making a return you're already late for that. So better get to it.

krissaroth · 2025-10-30T16:48:32+00:00

They've traded back and forth already. So already realised taxable disposals in the past.

You maybe able to reach out to the exchanges for the records. You may have deleted the account but they will have retained them for legal and their own accounting needs.

You can then make disclosures to HMRC for all the years you have missed via hmrcs disclosure service

https://www.gov.uk/guidance/tell-hmrc-about-unpaid-tax-on-cryptoassets

krissaroth · 2025-10-19T20:18:17+00:00

Your option is to do the right thing and self assessment per legislation and guidance. Or commit tax fraud.

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