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The Chain of Crypto Taxes

POSTED BY: Scott Sartin

18 November 21

If you use your crypto to pay for anything in the ‘real’ world i.e. any goods or services, you will be treated as having disposed of it, in which case you will be required to report any gains on a tax return. The disposal value will be the value of the crypto on the day it’s spent, and the usual CGT rules will apply in calculating any gain and tax to pay. (see Article 2 in this series).

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