The CGT rates changed on October 30th 2024, mid way through the tax year, that will make filling in the tax form tricky won't it? Does CoinTracking software allow for these changes or do we need to buy 2 reports for 2024/2025?
You're right, we're starting to implementing this internally so it's easier for users. In either case, please know that we do not charge based on generated tax reports, so if you need to two reports because of these changes, the cost will be the same (based on the membership you're under). Hope that clarifies it!
Hi, thanks for watching! You don't have to pay taxes over £3K in capital gains from crypto (24/25). Please consult with a professional since we are not aware of your full personal situation and cannot provide tax advice.
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Capital gains is now 3000 gdp
Thanks for the correction!
i thought that figure was high.
The CGT rates changed on October 30th 2024, mid way through the tax year, that will make filling in the tax form tricky won't it? Does CoinTracking software allow for these changes or do we need to buy 2 reports for 2024/2025?
You're right, we're starting to implementing this internally so it's easier for users. In either case, please know that we do not charge based on generated tax reports, so if you need to two reports because of these changes, the cost will be the same (based on the membership you're under). Hope that clarifies it!
If you dont make 3k profit do you still have to report everything to hmrc
Hi, thanks for watching! You don't have to pay taxes over £3K in capital gains from crypto (24/25). Please consult with a professional since we are not aware of your full personal situation and cannot provide tax advice.
What if i was "hacked" and the hacker moved everything to a non kyc exchange?
I see what you did there...
How can you say £6,000 everyone knows its £3,000 get your facts right before posting
Hi there! Thanks for the comment, fully noted on our part!
@@CoinTracking and it isn't 2024.Don't we know that it's either 2023/24, or 2024/25?
Thanks 😊
Thank you for watching :)
£3000 not £6000 and they want to do £0 allowance
😱😱😱😱😱
Thanks for catching that!
@@thebill8891 Yes, they want to do £0 CGT allowance. You will own nothing and be happy