Cryptocurrency and Other Digital Assets

<div><div><b>The crypto world is still a relative novelty, Bitcoin having been launched in 2009. It has introduced its own completely new vocabulary, from Airdrops and Blockchains to Stablecoins and Yield Farming.</b></div><div><div><br></div><div>As the amounts of money at stake have soared, the world’s tax authorities have been playing catch-up. They are working out how to apply centuries-old concepts to the new realities that challenge even such fundamentals as the nature of “property” or “money”.</div><div><br></div>In this book, the author explores how established principles of UK taxation – e.g. trading or investment, the nature of income, the location of assets, loss reliefs, other reliefs – are properly applied to the fast-moving crypto world.</div><div><br></div><div><div><b style="color: #CC0000;"><font color="#009900">"</font></b><b style="color: #009900;">A timely and useful book, carefully illuminating the way between a new class of assets and a complex tax system from the pre-digital age.</b><b style="color: #CC0000;"><font color="#009900">"</font></b>&nbsp;– From the foreword by barrister Adrian Shipwright</div></div><div><br></div><div><span style="font-size: small;"><br></span></div><div><h3>Contents</h3><div><a href="/asps/resources/pdfs/117-1.pdf" class="" classname="" target="_blank" name=""><b>See full table of contents (opens new tab)</b></a></div><div><br></div><div>- Introduction and key principles</div><div>- Taxation of DeFi transactions</div><div>- Non-fungible tokens</div><div>- Trading activities</div><div>- Taxpayers that are not individuals</div><div>- Particular tax reliefs</div><div>- IHT and estate planning</div><div>- Payments in crypto</div><div>- Compliance</div><div>- Other matters</div><div><br></div><div><span style="font-size: small;"><br></span></div><div><h3>About the author</h3></div><div><b><a href="/Andy-Wood/" class="" classname="" target="" name="">Andy Wood</a></b>&nbsp;trained with Ernst &amp; Young in London and then worked with Grant Thornton in Manchester. He qualified as a Chartered Tax Adviser in 2003 and, shortly afterwards became a member of STEP. Today he is an experienced tax adviser and barrister, and is founder and director of specialist tax advisory firm ETC Tax.</div></div></div><div><br></div>

As the amounts of money at stake have soared, the world’s tax authorities have been playing catch-up. They are working out how to apply centuries-old concepts to the new realities that challenge even such fundamentals as the nature of “property” or “money”.

"A timely and useful book, carefully illuminating the way between a new class of assets and a complex tax system from the pre-digital age." – From the foreword by barrister Adrian Shipwright

- Introduction and key principles

- Taxation of DeFi transactions

- Non-fungible tokens

- Trading activities

- Taxpayers that are not individuals

- Particular tax reliefs

- IHT and estate planning

- Payments in crypto

- Compliance

- Other matters

Andy Wood trained with Ernst & Young in London and then worked with Grant Thornton in Manchester. He qualified as a Chartered Tax Adviser in 2003 and, shortly afterwards became a member of STEP. Today he is an experienced tax adviser and barrister, and is founder and director of specialist tax advisory firm ETC Tax.