Are you a UK resident that has invested, or is looking to invest, in cryptoassets? Pay close attention if you want to understand how you will be taxed, why this is important, and how to navigate this complex landscape, says Yvonne Steyn. With Bitcoin advancing more than 300% in 2020, and 73% of HNW individuals expected to invest in cryptoassets before the end of 2022, understanding how your digital assets will be taxed is essential. What's more, HMRC has recently been clamping down on crypto exchanges to share information about their customers. This means that investors found to be...
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