Cryptoasset Taxation – What is the latest update for investors?

At the end of 2021, it is estimated that around $3 trillion was invested in different cryptocurrencies. By some estimates, around 10% of UK households have a member who owns cryptocurrency. Soaring cryptocurrency prices and volatility have seen many investors making significant gains and losses on their cryptocurrency holdings. In this article, Asim Arshad of Mackrell. Solicitors reviews the tax related implications and the impact this has on investment activity. Please see the full paper here.