If HMRC does treat is as gambling then you can get it as non-taxable income.
>automated responses
I saw that article when it was released. It's why I, and others, suggested getting professional help. Since, you know, they ARE, thankfully, behind the curve.
You could risk it & not declare it. O read an article that HMRC are so over stretched, that it's unlikely they are going to have the man power to deal with your gains. If it's less than 200k, I probably would just cash out & wait. Keep 30% saved in case, but wait to see if they contact you. If they do you can always just play dumb
I can't understand why people would actively shill for tax evasion when our capital gains are so low, and the fact that he could probably get the gains written off as gambling if he hires a solicitor for a thousand or two.
It’s not tax evasion, it’s tax avoidance, goody two shoes. Crypto gains can be treated as highly speculative gambling.
Avoiding tax is evasion. Minimising your tax burden, by say, having it written off as gambling, is avoidance. There is a difference. Learn it. Either way he should hire a professional, not listen to you are I.
>avoiding is evasion
>avoidance is not evasion
Fucking retard you have to go back
Don't listen to these larpers user, just report your capital gains tax and pay it. If you need to, get professional advice, trust me you don't want any headaches in the future. Here you go: gov.uk