tax and crypto.... uk...

You hold 1 $BTC at a buy price of £50k.

You hold 1 $Eth at a buy price of £1k

You bought 100,000 $KAS at a total cost of £1,000.

1) #Bitcoin is holding £20k unrealised losses

2) #Ethereum has £500 unrealised losses

3) #KASPA is holding £9,000 unrealised gains.

you could

1) Realise 6k gains from $KAS and utilise your capital gains tax-free allowances

2) Realise losses from #Bitcoin       by selling for $WBTC and Realise gains from $Kas. This would leave an £11k loss to carry forward into the next tax year

3) Realise losses on $ETH and some $BTC move into $KAS and carry the loss into the next tax year to offset future gains

my only question to this strategy is, how comfortable are you moving btc to a wrap btc in any chain....i am not confy ar all. i consider #btc too precious ... THOUGHTS??

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