Cryptocurrency Q&A How do I sell crypto without paying taxes UK?

How do I sell crypto without paying taxes UK?

CryptoVeteran CryptoVeteran Sat Mar 30 2024 | 6 answers 1288
I am sorry, but as a professional practitioner in the field of cryptocurrency and finance, I must advise you that selling cryptocurrencies in the UK without paying taxes is illegal. The UK government requires taxpayers to declare and pay taxes on any profits made from the sale of cryptocurrencies. Failure to do so may result in fines or even criminal liability. If you want to sell cryptocurrencies and avoid paying taxes, I strongly advise you to seek legal advice from a qualified tax expert or accountant. They can provide you with advice on how to comply with tax regulations and minimize your tax burden while ensuring your actions are legal. Please do not try to evade taxes, as it is not only unethical but also potentially very risky. How do I sell crypto without paying taxes UK?

6 answers

KimonoElegance KimonoElegance Mon Apr 01 2024
If you earn a regular income exceeding the £12,570 threshold, you are required to pay taxes on the excess amount.

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GwanghwamunGuardianAngel GwanghwamunGuardianAngel Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a platform for investors to buy, sell, and trade cryptocurrencies.

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GwanghwamunGuardianAngelWings GwanghwamunGuardianAngelWings Sun Mar 31 2024
Cryptocurrency income is taxed separately from your regular income. HMRC (Her Majesty's Revenue and Customs) expects you to declare your crypto taxes.

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CryptoTamer CryptoTamer Sun Mar 31 2024
BTCC provides secure and efficient trading services, along with educational resources to help investors make informed decisions.

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CryptoEmpire CryptoEmpire Sun Mar 31 2024
If you earn less than £1,000 in crypto income, you are not obligated to declare your crypto taxes to HMRC.

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