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Explained in plain English

What is Capital Gains Tax?

Capital Gains Tax (CGT) is a tax on the profit you make when you sell or dispose of an asset that has increased in value. For crypto, this means if you sell Bitcoin for more than you bought it, the profit is subject to CGT. There's an annual tax-free allowance.

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HMRC sent 81,000 crypto tax warning letters in past year

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