Cryptocurrency Q&A
Can I write off crypto losses UK?
Can I write off crypto losses UK?
SsangyongSpiritedStrengthCourageBravery
Sat Mar 30 2024
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6 answers
1057
Good day, I am a cryptocurrency investor in the UK. I have recently encountered some losses in my crypto investments and was wondering if there is a way to write these losses off? I understand that the tax regulations in the UK can be quite complex, so I am hoping for some clarification on this matter. Could you please advise me on whether I am able to deduct these crypto losses from my taxable income? If so, what are the specific requirements and procedures I need to follow? Thank you for your time and assistance.
6 answers
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