Cryptocurrency

by **jbc.shrimp** » Tue Feb 07, 2023 1:20 pm

I have not put this as O/T because it concerns a topic possibly involving our club. So, is this currency taxed or taxable. Just curious.

by **CityShrimp** » Tue Feb 07, 2023 2:14 pm

I’m no expert but basically yes, profits from crypto are taxable.

by **captain sparkle** » Tue Feb 07, 2023 2:32 pm

CityShrimp wrote:I’m no expert but basically yes, profits from crypto are taxable.

Theoretically! :lol:

Creative accounting, anyone?

by **Gone_Shrimping** » Tue Feb 07, 2023 3:06 pm

jbc.shrimp wrote:I have not put this as O/T because it concerns a topic possibly involving our club. So, is this currency taxed or taxable. Just curious.

They are treated as Capital Gains and Taxed as such.

by **marky No.1** » Tue Feb 07, 2023 4:33 pm

https://www.coindesk.com/learn/crypto-p ... ese-scams/

by **marky No.1** » Mon Aug 19, 2024 8:02 am

https://www.dailyrecord.co.uk/news/scot ... m-32947731

https://news.sky.com/story/how-chinese- ... e-13078066

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