Post
Topic
Board 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%.