hi all,
im a uk resident working full time. i recently learned that my crypto to crypto trades done in the past two years are taxable events. i now calculated my tax with cointracking.info and it turns out that my capital gains for 2017/18 were around 6k (in EUR), i did about 450 trades that tax year and now im not quite sure how to proceed. the good news is of course that my gains are below the Capital gains tax allowance, however 450 trades might be quite alot and i'm a bit worried that i will be seen as a "trader" not an "investor".
i'm a bit unsure what to do now.. i plan to move back to my home country within the next few years when the next crypto bullrun happens,and there you do not pay Capital gains when you hold your coins for more than one year.
it would be great to get some of your opinion (not legal advise of course...)
im a uk resident working full time. i recently learned that my crypto to crypto trades done in the past two years are taxable events. i now calculated my tax with cointracking.info and it turns out that my capital gains for 2017/18 were around 6k (in EUR), i did about 450 trades that tax year and now im not quite sure how to proceed. the good news is of course that my gains are below the Capital gains tax allowance, however 450 trades might be quite alot and i'm a bit worried that i will be seen as a "trader" not an "investor".
i'm a bit unsure what to do now.. i plan to move back to my home country within the next few years when the next crypto bullrun happens,and there you do not pay Capital gains when you hold your coins for more than one year.
it would be great to get some of your opinion (not legal advise of course...)
