Dominic Lawrance talks to Spear's Magazine about UK cryptocurrency tax
Each week, Spear’s sits down with an adviser in the world of wealth to talk about an issue or question that directly affects the lives of high-net-worth individuals. This week, Dominic Lawrance, partner, explains everything HNWs should know about UK cryptocurrency tax.
He answers the following questions:
- What are the current laws around cryptocurrency tax?
- What upcoming changes to crypto tax law look likely to happen next, if any?
- Tax authorities, HMRC included, are still very much playing catch up with the laws as things develop very quickly. How long do you think it will take for tax law to grow more current?
- What are the most important things that HNWs who may be interested in beginning to invest in crypto or building their trading wallet, what’s the most important thing that they should know to keep their assets as good as possible?
Read the full Q&A in Spear's Magazine here.