I've been offered some freelance work (online marketing, google adwords, split testing etc) to be paid in bitcoin.
Does anyone here have experience with this? Do you sell the btc as soon as you receive it to pay for your rent, food etc. How do you deal with taxes? Would I have to pay capital gains tax and income tax?
Particularly interested in experiences in the UK.
UK is just income tax, so dont worry your head about capital gains. just look at your yearly income and if its more then your tax free allowance then yes you have to pay income tax.
usually though one off payments of small amounts under £100 are not really worried about, and with the new laws recently about how HMRC can only raid your account if you have alot of tax debt and atleast a few £k in savings, most of the time they wont do much.