Bitcoin Forum

Other => Beginners & Help => Topic started by: OTK47 on November 17, 2013, 03:25:46 PM



Title: UK tax selling bitcoins
Post by: OTK47 on November 17, 2013, 03:25:46 PM
Right so just thinking ahead a bit and I was wondering if anyone on here is in the UK and knows about the tax laws here for selling bitcoins? Thanks


Title: Re: UK tax selling bitcoins
Post by: Pentel on November 17, 2013, 05:54:24 PM
You don't pay tax on your bitcoins.
Buying or selling.


Title: Re: UK tax selling bitcoins
Post by: tinyteapot on November 17, 2013, 06:44:18 PM
You may be liable for capital gains tax, if you make a significant amount of money.


Title: Re: UK tax selling bitcoins
Post by: OTK47 on November 17, 2013, 08:48:00 PM
Thanks guys, found a thread that explains it in detail