Crypto Tax Fundamentals:
Dispel uncertainty, cut through the noise, and use the rules to your advantage
Since our inception, we've spoken to hundreds of readers, taking their questions and concerns directly to HMRC and tax professionals. Using this knowledge, we have created an e-course that takes you from first principles to a firm grasp of the tax concepts you need to understand as an investor, trader, or miner of cryptocurrency in the UK.
It's common to have mental blocks when it comes to taxes due to anxiety, stress, or just the prospect of tedium.
The best way to deal with irrational fears is education. Nobody studies tax systematically unless they want to become professionals in the field, so everyone has different gaps in knowledge that they're unaware of. Our course starts at ground zero and assumes you know nothing about tax and Self Assessment, providing you with a solid foundation to support your future crypto pursuits.
Cut through the noise
If you've ever fallen down the rabbit hole on crypto taxes, you know how frustrating it can be finding clear guidance on the subject. Information is often jumbled with American rules or written by accountants for other accountants, leaving out assumed knowledge.
We suffered through HMRC manual footnotes, badgered their technical inspectors, and sat down with tax professionals to get the information you need. It’s now all compiled in an easy-to-digest, methodical format. Save yourself hours of googling!
Use the rules to your advantage
It's easy to trigger taxable events without realising you are doing so. You may have read of traders who are horrified to discover they owe more tax than they hold in cash terms.
On the flip side, a true understanding of the tax schemes in play can help reduce your accounting load. We teach you how to isolate and identify taxable events, demonstrate example calculations, and provide tips to modify your behaviour and make savings.
What you will get:
Lifetime access to 6 video modules with over 90 slides of original content, charts, diagrams, and example calculations which you can access at your own convenience
Table of Contents
I. How does HMRC work?
Administration, Investigations, Appeals, Contact
II. HMRC and You
Residence and Domicile, Geographical Considerations, Isn’t it just gambling?,What kind of tax is due?,Tax Years, Self Assessment, Sole Traders, Should I set up a company?, Record-keeping, Finding a tax professional
III. Personal Activity
Definitions, Capital Gains Tax-Free Allowance, Capital Losses, Crypto Disposal Rules, Crypto Disposal Tips, Barter Transactions, Crypto-to-Crypto Trades, Spending Cryptocurrency, Gifting Cryptocurrency, Inheritance and Estate-planning, Forks, Negligible Value Claims, ICOs, Staking Coins
IV. Reporting Your Personal Activity
Allowable Costs, Do you have to report this year?, Calculating Capital Gains Tax, Self Assessment for Personal Tax
V. Business Activity
Badges of Trade, Trading Cryptocurrency, Mining Cryptocurrency, Receiving Cryptocurrency as Payment
VI. Reporting Your Business Activity
Reliefs, Capital Allowances, Allowable Expenses, Income Tax Rates, Calculating Income Tax, Calculating National Insurance Contributions, Self Assessment as a Sole Trader
All purchases have a no-nonsense refund policy - just contact us within 30 days of receipt to tell us why this didn’t work for you as promised.
The content of this course is in line with the latest HMRC Policy Paper.
Who is this not for?
This course is for individuals - not companies. We will not address Corporation Tax, although we will touch on the difference between running a business as a sole trader and operating a limited company.
If you are already proficient in filing for Self Assessment and really just need more niche advice - eg. how to deal with particular coins, masternodes or very specific residency issues, you might prefer to consult a tax professional directly instead.