How to AVOID tax on Cryptocurrency – UK for 2022 (legally)

There are ways to (legally) avoid taxes on Cryptocurrencies and I present 5 practical tips on how you can do this in 2022 and beyond.......

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@tonydCFO

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🔍 CRYPTO TAX SOFTWARE I RECOMMEND

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Chapters:
0:00 - Crypto Taxes Avoidance (Legally)

★☆★ A BIT ABOUT ME (Tony D) ★☆★
I am a qualified accountant of 23 years. I was born and raised in London (UK) all my life, a City I truly love. I am married with 3 beautiful children ❤️
I've held numerous positions, across various industries throughout my career in finance functions and I have also banked the experience of creating and running my own business(es) for 9 years, both of which I exited recently.
My passion is now to educate, inspire and empower YOU by imparting, sharing and coaching you through my knowledge, skills, experience and most importantly wisdom.

capitalgaintax, and bitcoin or ethereum, but cardano, or any other cryptocurrency like that. This is a educational video on tax avoidance not tax evasion for Cryptotax and an ENTERTAINING WAY of learning cryptotaxes including a short look at Koinly review.

★☆★ MY MISSION ★☆★
I am dedicated to helping and empowering YOU to 'Know Your Numbers' so you can make calculated and informed decisions in your business, company and personal finances towards your definition of success.

★☆★ MY PHILOSOPHY ★☆★
If you take care of your numbers (finances), your numbers will take care of you, your family and those you value the most.

🔴 DISCLAIMER
My videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances.

#taxavoidance #Cryptotaxes #Cryptotax

[aries]

I think it would be good to mention that capital gains allowance is being reduced to £6000 next year and then £3000 after that! The Chancellor is coming for us poor people! But they won't raise taxes on the very well off.

[chaltonmoore]

While filing taxes in the crypto section, you only need to give your buy cost basis and sell cost basis for that specific crypto, you don't need to say where you bought it.

[CelesteMonroe-einc]

What is the best strategy to enter crypto trading now for someone with more or less than $17k

[jackmiller]

Is captal gains allowance seperate to income allowance? And does being under 12k income make you have 0% cgt on any amount of stocks and crypto? Thanks

[SophiaMichelle-ddvb]

What is the best way to make money from crypto investment as crypto is turning around massively.?

[zakzanotti]

I don’t understand how they tax it?
The surly only take it once you sell the crypto.
For instance I’m a long term investor so Im not planning on selling for a wile. Surly I can only be taxed on it once I sell it

[HappilyNorth]

Really good video Tony. Definitely one of the better and easily understandable tax advice vids. Nice one.

[zaleezalee-oymw]

Great analysis. What do you think about Staxum, it is in presale stage, big partnerships.

[Oxazepam]

In Canada, you can invest cryptocurrencies in ETF and put that in the tax free saving account (TFSA). That is probably the only way to avoid capital gain tax. The only problem is you don't hold the crypto, and the is a cap of ~ 7000$ per year.

[zobashir]

could you please do a video on how you file your losses? the process behind it. Thanks

[reallymakesyouthink]

My way to avoid paying taxes is to keep losing money on crypto. I don't mean to brag but I'm on a roll.

[shaneoneill]

But the money used in crypto is already taxed money and they tax you on that it's b.s

[Tgpz-sg]

For carrying losses forward.. If i didnt declare then in 22/23 can i not use them following year to offset gains?

[BadToro]

Just found your channel Tony and subscribed. Here's a question, which I'm sure must be of interest to many others in a similar situation. I'm about to file Capital Gains returns (losses & gains) from cryptocurrencies over the last 6 years but need some help with trying to use my wife’s capital gains tax-free allowance. My (crypto-averse) accountants are telling me that as my Crypto Exchange accounts are in my name only, then the reporting should be against my name only and I can therefore not utilise my wife's unused annual allowances. Do you know if this is completely correct? After all, these Exchanges do not make provision for Joint accounts and can only be held in a single name. I hear much about Gifting crypto to a spouse/partner but do you or anyone else know if this can actually help with previous tax years and if so how you would actually do that in practical terms. Cheers!

[Xxxx.]

You may need to do an updated video due to capital gain tax getting slashed to £6k then in 2025 to £3k

[metageist]

Great information, but those stock clips and sound effects do nothing but distract and repel me.

[arierey]

Top picks for 2024: DOT, ILV, AUDIUS and STAXUM

[skeenster]

Another option is changing your tax free allowance into another coin realising the profit, but remaining in the market

[markjaywest]

My idea is to move all my crypto to XUMM and then move to Dubai, then sell some of my crypto and stick my middle finger up to HMRC.

[jackmiller]

So if my self employed business is only earning 10k after expenses does it mean i can pull out 100k crypto and it will be 0% cgt?