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News – 19.12.24

Buzzacott advises Rose Street Partners on its investment in Kenwood Damp Proofing PLC

Discover how Buzzacott supported Rose Street Partners on its investment in Kenwood Damp Proofing PLC … Read more

Insight – 18.12.24

Start-up guide: Everything you need to know about Tronc schemes to set your new hospitality business up for success

One challenge for new hospitality businesses is the management of tips and service charges. … Read more

Upcoming event – 16.01.25

VAT on Private School fees training

This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers, accountants, and trustees with tailored support and expert insights on the practical implementation of VAT. … Read more

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enquiries@buzzacott.co.uk T +44 (0)20 7556 1200

Cryptocurrency. Some need to knows.

Our UK tax, Financial Planning, Tax Investigations and US tax teams have created the following insights covering topics ranging from HMRC's position on Cryptoassets, to advice for those who have integrated it into their portfolios.

Decrypting cryptoassets - the UK personal tax implications

Our personal tax expert Akin Coker answers these questions:

Has HMRC issued guidance surrounding cryptoassets?
What are cryptoassets?
How does Capital Gains Tax apply?
Would I need to pay income tax?

Read our article

Should you invest in cryptocurrency?

Our next article written by our partner Matt gives you an insight into:

The recent surge in popularity around Crypto
Are you aware of what you're investing into?
Crypto myths and its regulation
Are cryptocurrencies here to stay?
Do they have a place in portfolios?

Read our article

Where is my cryptocurrency?

In this article, Akin Coker explores these topics:

What is the general position of crypto tax
The importance in the location of crypto-assets and how this affects your tax
HMRC's stance
Response from the tax profession

Read our article

Cryptocurrency - could you require a HMRC disclosure?

Antony, our Tax Investigations specialist will explore:

What happens when receiving crypto in exchange of services (Employed and Self-employed)
Trading in Cryptocurrency
What happens when purchasing, selling or exchanging coins
Negligible value claim
Problems in calculating capital gains

Read our article

The US taxation of crypto assets

This insight written by our US tax expert Holly will cover:

How the IRS views cryptoassets
Examples of taxable events in the cryptoasset space
How crypto is taxed if purchasing or receiving payment
'Short term' and 'Long term' tax implications

Read our article

"Some retail investors getting caught up in the hype of cryptocurrencies may be falling foul of the old adage, often attributed to Warren Buffet in relation to investing in businesses - that you shouldn’t invest in something that you don’t understand."

Matt Hodge, Partner, Buzzacott

Speak to an expert

If you’re concerned about any of the issues raised in our cryptocurrency insights please get in touch with our teams via the form below. From tax, to dealing with HMRC enquiries, to investment advice, we’re here to help.