HMRC issues guidance on taxation when receiving and selling cryptoassets

HM Revenue & Customs (HMRC) has issued two pieces of guidance for individuals that receive and sell cryptoassets.

The guidance allows individuals to work out if they need to pay Income Tax and National Insurance contributions when they receive cryptoassets from employment or mining, and pay Capital Gains Tax when they later sell them.

HMRC has published guidance aimed at individuals to provide clarity on when tax may need to be paid on cryptoassets.

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