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Im a fan of the coinbase/gdax pairing (can instantly transfer funds between the two, you login to gdax with your coinbase account) and gdax has nice trading tools, easy to understand. But its severely limited in the cryptos on offer, which in 2018 is pretty unacceptable.
I have zero idea, as far as I know in the UK any gain is subject to capital gains tax, but only practically so when you cash out in fiat. I've cashed out my investment and then some, and reinvested some back into other coins, so im not sure what my tax situation is regarding it all. I could in theory declare that I have lost any money that I gained (in reality it was invested into other coins).
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[–] monkeytennis ago
Im a fan of the coinbase/gdax pairing (can instantly transfer funds between the two, you login to gdax with your coinbase account) and gdax has nice trading tools, easy to understand. But its severely limited in the cryptos on offer, which in 2018 is pretty unacceptable.
[–] Anson [S] ago (edited ago)
any tax loop holes here? I mean if you don't cash out the gains are still unrealized.
I wouldn't let this idea leave this conversation
[–] monkeytennis ago
I have zero idea, as far as I know in the UK any gain is subject to capital gains tax, but only practically so when you cash out in fiat. I've cashed out my investment and then some, and reinvested some back into other coins, so im not sure what my tax situation is regarding it all. I could in theory declare that I have lost any money that I gained (in reality it was invested into other coins).