Introduction

Utility Tokens, Exchange Tokens, Security Tokens, Cryptoasset Characteristics, and Which Taxes Apply

ACCOINTING.com- U Crypto Tax Guide- What are Cryptoassets

What Cryptoassets Are?

Cryptoassets used as payment for different goods and services, Cryptoassets being exchanged for a different token type, Cryptoassets given away to other people, Cryptoassets sold for fiat money, Cryptoassets sold for stablecoins

ACCOINTING.com- UK Crypto Tax Guide- Capital Gains Tax in Crypto

Capital Gains Tax

Financial Trading, Mining, Airdrops, and Miscelaneous Income

ACCOINTING.com- UK Crypto Tax Guide- Income Tax in Crypto 

Income Tax

Buying and Selling Crypto, Financial Trading in Crypto, Mining, Hardforks, Airdrops, and More Tax Scenarios

ACCOINTING.com- UK Crypto Tax Guide- How to File Crypto Taxes

Crypto Tax Scenarios

Cryptoasset type, Transaction dates, Number of units, Transaction values in pound sterling, State of the tokens (bought or sold), The cumulative total of all crypto investment units held, Wallet address/es, Bank statements

Record Keeping

Cryptoassets are treated as property for Inheritance Tax perspectives and purposes

Other Considerations

Capital gains summary form (SA100 Tax Return)