Why crypto holders in the UK could face new heavy capital gains tax
As the UK tightens the screws on cryptocurrency taxation, investors and policymakers find themselves at odds over the future of digital finance. From April, around 12 per cent of UK crypto holders could face a hefty 24 per cent capital gains tax (CGT) rate – part of a broader tax squeeze that some argue is overdue, while others critique it for driving innovation and investment out of the country. With crypto adoption surging, especially among younger investors, the UK government is ramping up its tax policies, treating cryptocurrencies as more than traditional investments. But a proposed 0.5 per cent transaction tax on crypto, similar to stamp duty on equities, has sparked debate over whether it’s a necessary step to level the playing field. Read more of the story here 👇 https://www.cityam.com/new-tax-rules-set-to-hit-crypto-in-2025/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Saskia Koopman, Emmanuel Nwosu, Scarlett Wild