BITCOIN CAPITAL GAINS TAX UK

04/01/2018 A growing number of people are getting their share of the bitcoin pie, but paying taxes on bitcoin may need some explaining. Bitcoin remains an asset under UK tax law, and as such an allowance of the first £11,100 is not taxed. If gains do not amount to that number, bitcoiners are safe. And if it’s a case of individuals holding bitcoin appreciation beyond that amount, capital gains are only triggered at the time of profit taking, experts agree. Calculate Bitcoin taxes of capital gains and income for Bitcoin, Ethererum, and other alt-coins from trading, spending, donations / tipping and mining. In the United States, bitcoin is treated as an item of property and is subject to property tax. Whereas in the United Kingdom, bitcoin is treated as private money and is subject to value added tax, corporate tax, income tax and capital gains tax.