Chapter CRYPTO22450

Published date30 March 2021
Record NumberCRYPTO22450

HMRC does not consider theft to be a disposal, as the individual still owns the stolen asset and has a right to recover it. This means victims of theft cannot claim a loss for Capital Gains Tax.

Individuals who contract to acquire tokens but then do not receive the tokens they have paid for may not be able to claim a capital loss.

Individuals who contract to acquire tokens and do actually receive tokens, may be able to make a negligible value claim to HMRC if those tokens...

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