0

Reading UK's official guidance on cryptoassets, I understand that pretty much anything that you do with your cryptos is classified as a disposal:

Individuals need to calculate their gain or loss when they dispose of their cryptoassets to find out whether they need to pay Capital Gains Tax. A ‘disposal’ is a broad concept and includes:

  • Selling cryptoassets for money
  • Exchanging cryptoassets for a different type of cryptoasset
  • Using cryptoassets to pay for goods or services
  • Giving away cryptoassets to another person

As per the third item, should I also consider the transaction fees I pay for transferring cryptos from one of my wallets to another as disposals? The blockchain deducts the fee from my Bitcoin/ Ethereum balances.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.