New into crypto but reading about Capital Gains Tax has made me paranoid for the future, waiting to see what the latest budget has to say on it, if I make gains below £12,300 do I have to declare these to the HMRC? I'd rather not disclose my full wallet address to HMRC, I also have no idea how to deal with the fact that exchange one Cryptocurrency into another is a taxable event, if I take profits from Bitcoin into a stable coin like Tether with the aim of rebuying Bitcoin later when the price dips is this taxable? If I'm able to time it so that I can buy back more Bitcoin than I started with and then the price massively dips will I still have to pay tax I'm so confused!! At this point I'm thinking I'll just stick to anything under £12,300 a year
EDIT - I've heard good things about 'Koinly' I think this is the name, software that helps me assess my tax liabilities, is the free version good? Are there any security concerns using the platform?
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