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B · Glossary

Bitcoin

A decentralised cryptocurrency; for UK tax purposes treated as an asset for CGT.

Bitcoin is a decentralised digital currency. For UK tax, HMRC treats Bitcoin (and most cryptocurrencies) as a chargeable asset — gains are subject to Capital Gains Tax, not income tax (unless you're trading professionally).

Mining rewards, staking yields, and airdrops can be taxed as income at the time of receipt. We work from your exchange CSVs to compute everything correctly.

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