are rumors that an "unrealized gains" tax is coming, how they even do that? I have no idea, but markets would collapse lol.
yeah but stock/crypto gains @ 40%?
0% up to £12,300. 10% up to £32k or so. Then 20% on anything over that
That's fair enough. I don't care about the rules because I read them before playing the game. But the fact they change up rules after I've been playing/holding for years is pretty fucked up.
I feel like this same conversation comes up every 3 months about uk tax law for crypto. Crypto to crypto disposals are taxed not just crypto to fiat Capital gains is up to 20% paid on capital gains Staked income is taxed as income tax so up to 45% depending on your tax band
US is the same way, tax for crypto/crypto and crypto/fiat
Uk and us crypto laws are very similar its just the percentage payable that changes
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