HMRC is KILLING De-fi and staking! They are enforcing more rules and regulations and it is making staking your income difficult with tax rules and restrictions
These rules now introduce a new crypto tax chargeable disposal and these lead to the disposal of capital gains for tax purposes. With this change has been confusion and opposition from the crypto community to remove this change but for now, the new staking taxes stand.
Lets look at a worked example of uk crypto tax on staking and how the new tax disposal can lead you to pay more capital gains taxes but also to pay less taxes in certain situations
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