Tax considerations for UK crypto investors
1 April 2021 | Applicable law: US | 12 minute listen
Episode 4 of Withers talks: cryptocurrency series
This next episode of the Withers talks: cryptocurrency podcast, ‘Tax considerations for UK crypto investors,’ focuses on the current tax landscape and top considerations for crypto investors, day traders and miners in the UK. In a lively discussion between members of our US and UK tax teams, podcast host Charles Kolstad is joined by Lauren Rapeport, an attorney in our private client and tax team based in Withers’ London office, who advises clients invested in cryptocurrencies.
In the UK, Her Majesty’s Revenue and Customs (HMRC) have tried to bring crypto assets into the existing tax framework. So what does that mean for crypto investors? Are hardforks and airdrops taxable events? What are the reporting requirements for investors in cryptocurrencies, and how do the tax treatment and approach to enforcement in the UK differ from the US? Listen as Lauren Rapeport and Charles discuss this timely topic in the evolving world of cryptocurrency.