Crypto investment

Crypto

It is an opportunity to invest 💰 but it comes at a very high risk ❌

The intermediary wallets 💴 available assist in transferring funds in different types of currencies

However, with the high amount of scams/fraud and lack of monitoring neither the wallets nor the banks 🏦 will assist if any issues or losses arise

The best way to look 👀 at it

“If something seems to good to be true then most likely it is false and dangerous platform to invest”

HMRC are informed should by the different platforms like Coinbase, Kraken, etc if you are fortunate in actually gaining 🆙 returns on investments

If the return and the money is transferred back to the bank 🏦 account of £6,000, HMRC will be made aware of this

Please reach out to an Accountant 👨‍💼 or Tax Specialist 👩‍💼 to ensure that the income, which, is most likely to be Capital Gains is being declared and the correct ✅ tax is being paid