Tuesday, December 1, 2020

Exchanging Bitcoin for ‘Gift Cards’ via Trezor Wallet - Is it a taxable event in the UK?

Not something I’m looking to do yet, but I can’t find any information online about whether it is a taxable event (If I pay capital gains tax on my Bitcoin gains).

Essentially: If I SELL my Bitcoin for fiat currency, I know I have to pay tax. But it doesn’t seem clear whether I would have to pay tax if the Bitcoin is exchanged for gift cards.

Any ideas? I’m in the UK btw


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