Bitcoin UK | Reddit
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Bitcoin UK | Reddit
4h ago
I understand the (current) allowance is 6k PROFIT. If you withdraw more than this, would you still be expected to file a Tax Return to prove the profit is below the threshold?
submitted by /u/Siri-findwittynames
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Bitcoin UK | Reddit
4h ago
Hi there,
Just initiated a sale on Kraken and put in £6000, somehow managed to sell £6221 by mistake... god knows how.
Is there anything I can do to avoid filing a tax return for this? If it makes any difference, I bought £1000 BTC less than 30 days ago. I also only returned £6K to my bank account.
I assume I can't just buy back £221 of BTC because no1 I need to avoid buying BTC for 30 days, and no2 I've already crystallised the gain regardless if I buy back or not?
I was really hoping to avoid any complicated tax issues by withdrawing under CGT, as I haven't worked out my cost basis etc.
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Bitcoin UK | Reddit
4h ago
submitted by /u/Educational_Swim8665
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Bitcoin UK | Reddit
4h ago
Hello,
I have recently started operating under a Limited Company. I have a client that would like to pay me through crypto and I was wondering where would be the best place to open up a Crypto portfolio under my business. I will not be holding the crypto and will be selling it almost immediately to send to my business bank account.
submitted by /u/m3rtngs
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Bitcoin UK | Reddit
4h ago
submitted by /u/Educational_Swim8665
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Bitcoin UK | Reddit
2d ago
I've got a tiny amount of BTC sitting somewhere and the only way to get it out is using the Lightning Network. It doesn't seem to be supported by either of my exchanges, so is there any other way to transfer it to me?
Thanks
submitted by /u/robman_84
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Bitcoin UK | Reddit
2d ago
submitted by /u/Educational_Swim8665
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Bitcoin UK | Reddit
2d ago
Before I start, please understand that I know the risks associated with this choice. I would like to know if there was any way of reallocating part of my pension into Bitcoin?
Current pension is with Aviva
submitted by /u/GeorgeM2E
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Bitcoin UK | Reddit
2d ago
I purchased my first portion of bitcoin yesterday on Kraken Pro and withdrew to a hardware wallet. I deposited GBP into my Kraken Pro account and bought BTC/GBP, withdrawing immediately.
Once the BTC hit my wallet, I noticed that I'd spent just over 11% in fees throughout the entire process (depositing the initial GBP was fee-free).
Can anyone tell me where I went wrong please or is this just the normal process? It may also help to know that I only deposited £100 to begin with.
Thanks for your help in advance.
submitted by /u/Tetraq011
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