In this episode of Lawyers on the Block, Kieran Forsyth, Associate in the Contested Wills, Trusts and Estates team is joined by David Conway, an accountant at Crowe U.K. LLP, to make sense of the key tax concerns in relation to cryptocurrency and digital assets.
Read Crowe U.K. LLP’s article on Cryptocurrency UK tax implications.
The podcast provides an insight into HMRC’s treatment of these assets and the reporting requirements incumbent on cryptocurrency holders out there. There is a discussion as to what you can do in utilising capital losses arising from a drop in value of crypto holdings as well as aspects such as making a negligible value claim which is important for those who have had such assets hacked or stolen. The podcast is tax focused, but David’s friendly nature makes this one which is easily understood and we are confident will provide some inspiration to holders out there who are keen to understand, in a practical sense, the tax position on their digital assets’
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