UK Budget Update for Bitcoin Holders.
HODL = No CGT: No tax if you don’t sell; disposal triggers CGT.
CGT rates are up: Selling bitcoin now incurs 18% for the basic rate (it was 10%) and 24% for the higher rate (it was 20%).
Thanks recap.io for the summary!
#UKBudget #Bitcoin
In other words, the government want us Brits to HODL.
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Many boating accidents 🚢 🚣♂️