Crypto investors warned over latest HMRC ‘nudge’ campaign

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Financial Times 11h ago

Crypto investors warned over latest HMRC ‘nudge’ campaign - Financial Times

Quick Summary:

Experts are warning crypto investors to check their tax position in the wake of a new “nudge” letter campaign from HM Revenue & Customs.

The drop in the CGT allowance, which was £12,300 in the 2022-23 tax year, but is now £3,000 will also make more people need to report their crypto gains.

He suggested anyone with crypto assets, not just those who receive HMRC’s letter, should review their tax position and make sure their affairs are accurate and up-to-date.