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.
Cryptocurrency and Other Digital Assets 1st Edition
Tax Law and Practice
This second edition is due to be published in April 2024. If you need commentary on the topic sooner, please contact us about the previous edition, which is still available.
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.
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”.
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.
“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.
Contents (in brief)
Particular DeFi transactions (including airdrops and blockchain forks)
Return on investment
Crypto-related businesses and financing
Using cryptoassets for payments
Estate planning and IHT
Compliance and regulatory matters
New for this edition
This book has been substantially updated and restructured to reflect the rapid rate of change in the world of cryptocurrencies and the awakening of interest by the tax authorities in this topic. More details will follow soon.
The table of contents and extract below are from the previous edition. These will be updated about two weeks before publication.