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Legal
Re: UK tax in relation to bitcoin
by
Crypto_Cumbrian
on
16/07/2013, 08:21:26 UTC
Very Interesting post.
So how do miners sit in regards to Tax.
Lets say I mine 50 BTC a Month and Sell them 50 BTC for £50.00 Pounds each, total = £2500 pounds.
Do I pay Income Tax at my Current rate, PAYE + BTC's Sold or Do I pay CGT at 18%.