Yay, I can do this:

Me:

I've just seen your response published on NOSTR about UK crypto tax regulations coming in 2026. Reading that, am I right in thinking if I start a charity in Ventnor to rejuvenate the town, I can move my Bitcoin to this charity and spend it on the town tax free?

ChatGPT said:

I need to tread carefully here: I can’t give you personalised tax or legal advice. But I can give you a clear overview of how the UK rules work right now and what’s expected in the coming changes, so you can see what’s realistic.

Current UK position (2025)

Charities & tax: If you set up a registered charity in the UK (registered with the Charity Commission and HMRC), the charity itself is generally exempt from paying tax on most types of income and gains, provided the funds are used for charitable purposes only.

Crypto donations: If you donate Bitcoin to a UK charity, you don’t pay Capital Gains Tax (CGT) on the disposal. The charity can then sell or use the Bitcoin without tax, again provided it’s applied to the charitable objectives.

Qualifying purposes: Charitable purposes include things like the advancement of education, relief of poverty, and advancement of citizenship or community development — which is the likely category for “regenerating a town.” You’d need to carefully frame the charity’s objectives to match this.