Home >
Taxation >
Cryptocurrency and Other Digital Assets: Tax Law and Practice

Cryptocurrency and Other Digital Assets: Tax Law and Practice

Author: Andy Wood
Publisher: Claritax Books
ISBN: 9781912386536
Published In: September 2022
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Download Order Form

Add to Wishlist
| Add to Compare

Description
Contents

Details

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.

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.

Part 1: Introduction and Key Principles

1. Introduction

2. Overview of the blockchain and digital assets

3. Cryptoassets as property

4. The principles of taxing digital assets

5. Situs of cryptoassets

6. Are the activities of a trading nature?

7. Fungible tokens – Bitcoin, Ethereum, etc.

Part 2: Taxation of DeFi Transactions

8. Decentralised finance (DeFi)

9. Making cryptoassets available to a DeFi platform

10. Treatment of staking transactions