MultiversX Tracker is Live!

Reporting Capital Loss for Tax Purposes (UK)

All Cryptocurrencies

by COINS NEWS 309 Views

Hi,

I recently sold assets at a loss and want to report this via a HMRC self assessment form, to offset any gains in the next few years.

My issue is, the exchange that I purchased these assets on a few years ago no longer exists (Bitforex).

Apart from my CoinMarketCap portfolio (which doesnโ€™t have these trades tracked, nor would I expect this to be hard evidence of my transactions), how else can I prove my losses?

I have related transactions on my Coinbase account but these are just GBP to USDT, as I had to then move the USDT to Bitforex to buy the asset.

Any advice would be much appreciated.

TIA.

submitted by /u/Chompa94
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
๐Ÿ’ฐ Install these recommended apps:
๐Ÿ’ฒ SocialGood - 100% Crypto Back on Everyday Shopping
๐Ÿ’ฒ xPortal - The DeFi For The Next Billion
๐Ÿ’ฒ CryptoTab Browser - Lightweight, fast, and ready to mine!
๐Ÿ’ฐ Register on these recommended exchanges:
๐ŸŸก Binance๐ŸŸก Bitfinex๐ŸŸก Bitmart๐ŸŸก Bittrex๐ŸŸก Bitget
๐ŸŸก CoinEx๐ŸŸก Crypto.com๐ŸŸก Gate.io๐ŸŸก Huobi๐ŸŸก Kucoin.



Comments