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Title: UK- I can't still understand same day, BNB rule and S104 pool. Please help. Post by: fgje79 on March 10, 2024, 10:32:32 PM Hi All,
Binance doesn't support GBP so, I had to transfer all coins to Kraken for holding. I was told that the quick and easy way was 'converts ALL BTC to XRP and send it to Kraken. Then, buy BTC on Kraken with XRP'. I did it. But I realised there are same day, BNB rule and S104 pool in the uk. I found all articles and read them more than 20 times, but I can't still understand what those meant. In my case, I just converted (disposed) them all and bought the same coins on the same day. These rules wouldn't be applied to me? I just only consider the capital gain when I disposed? (I am using koinly softwear but it seems these rules doesn't apply...) I got £13K capital gain in total when I converted all coins to XRP. However, I have SOL loss £13K. If I sell SOL as well, then my profit and loss are even. So I don't need to report anything to HMRC? Thank you in advance. |