Damien Talks Money's video: How is Cryptocurrency taxed in the UK - Tax on Bitcoin UK

Have you made money on Bitcoin and are wondering what your UK tax liability is? Or do you think the government can’t tax cryptocurrency in the UK? Let's take a look. Bitcoin is new but the UK tax system is not. Rishi is targeting Cryptocurrency for tax requesting that the biggest exchanges share info of customers who have more than £5,000 in Cryptocurrency for tax purposes. Understand what the rules are so you don't accidently not pay the correct levels of tax on your crypto. Today we cover: Tax on Crypto in the UK Tax on mining coins Tax on Investing in cryptocurrency in the UK Ways to not pay tax on your bitcoin or other crypto assets. .gov links https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals 🎫 Trading 212 free share link Create a Trading 212 Invest account using this link https://www.trading212.com/invite/Gbassinv or use promo Code: Gbassinv if the link doesn't work Freetrade free share https://magic.freetrade.io/join/damien-talks-money My Insta is Damientalksmoney if you want to DM me! I reply.. because I sound like that. 🕑 Timestamps: 00:00 - Trying saying that first time. 00:26 - What goes up.. 01:05 - Rishi's dilema 04:11 - Crypto Miners 05:10 - Crypto Investors and traders. 08:50 - How I look at it all. 09:56 - Just a heads up. 🎬 Do you want to make videos like me? The Gear I use: Background: https://amzn.to/3fO3ArL Background stand: https://amzn.to/2F9vhPo - Make sure you get the right size! Tripod: https://amzn.to/3iq8YmJ is easily the best tripod I have used. Very sturdy. Audio: https://amzn.to/2EmJeJ9 Lighting: I use this facing me directly, set to the lowest setting https://amzn.to/33Kscj5 I light the backdrop with this: https://amzn.to/2Dwz4pA Camera: I currently use a Galaxy S10.. The Visuals: I use Story blocks for all the sexy B rolls. The sounds: Epidemic sound is where I get all my Music and sound effects – for a 1 month free trial click this link! https://www.epidemicsound.com/referra... 📚 5 books to shape your financial future: Either click the link for the book or use this link for a free trial on audible and then you can just listen to them all! https://amzn.to/34ThMy5 The richest man in Babylon: https://amzn.to/33Icvsq An engaging tale that teaches the fundamentals of saving and attitudes you should have towards money. I listen to this at least once per year. A random walk down Wall Street: https://amzn.to/31CXfud Let Burton Gordon Malkiel, explain everything you need to know about trying to beat the market. Rich dad poor dad: https://amzn.to/2PHweQZ There is a reason this features on all lists of the best books. You will walk away from this truly understanding the importance of income producing assets. The Millionaire next door: https://amzn.to/2Dth13B I love this book because it destroys the conventional perception that all millionaires are one type of person. Read this and you will so realise being a millionaire is well within your grasp! The 4 hour work week: This is the book that inspired me to build multiple income streams. https://amzn.to/2YUSZ8P 📹 My Videos: Premium Bonds: https://www.youtube.com/watch?v=jVlaV... The options for investing explained: https://www.youtube.com/watch?v=h2xVk... How to stop your investments being taxed: https://www.youtube.com/watch?v=kA9W7... Investing in stocks and shares: https://www.youtube.com/watch?v=yG5pl... Disclaimer: Any information provided in this video is meant purely for entertainment purposes and does not constitute any form of recommendation, They are simply my opinions. If you want financial advice tailored to your circumstances please consult with a licensed professional.