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Have you “invested” in Bitcoin or other similar assets? Beware the tax implications

The price of Bitcoin and other similar crypto assets can fluctuate wildly, and, whilst at the time of writing, the Bitcoin value has increased by some 75% since January 1st, the current price is some 28% below its all-time high. If you bought when prices were low, and have since sold them again realising a profit, you need to be aware that the taxman will need to know. Generally, HMRC treat profits as a capital gain, and are taxed under the CGT rules, but there may be specific circumstances where it might be treated differently. 

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