Suppose I do some work as a freelancer in exchange for Ether tokens, but I do not sell them right away. I hold them for a while, but eventually dispose of them within the same UK tax year.
- Do I have to pay Income Tax and National Insurance based on the market value of the Ether tokens at the time of receiving them, or when I billed the client?
- I assume I have to pay Capital Gains tax if I sell the tokens later and realise a gain, but how should I calculate my cost basis?
