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Home / Simons-Taxes /Capital gains tax /Part C6 Cryptoassets /Division C6.1 Cryptoassets /Individual taxation when NOT trading in cryptoassets / C6.119 Disposal of cryptoassets—dry tax charges
Commentary

C6.119 Disposal of cryptoassets—dry tax charges

Capital gains tax

Cryptoassets (which might also be referred to as 'tokens' or 'cryptocurrency') are cryptographically secured digital representations of value or contractual rights1.

The tax treatment of transactions in cryptoassets depends on whether the individual is carrying out a trade. See C6.105. This article discusses when a 'dry' tax charge might arise, ie where the individual has no cash proceeds

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