ICAEW shares HMRC nudge letter on cryptoassets

Released 09 November 2021

The ICAEW has shared an HMRC letter encouraging holders of cryptoassets, such as BitCoin, to consider their capital gains tax position.

HMRC have advised that, although the letters are not being sent out to non-UK domiciled individuals, this is not an indication that HMRC views on the situs tests for cryptoassets have changed.

Further details, including a link to the letter, can be found at https://www.icaew.com/insights/tax-news/2021/nov-2021/UK-cryptocurrency-owners-nudged-on-CGT.

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