Bloomsbury Professional Tax Insight - Cryptocurrency and Blockchain

Erscheinungsjahr 2020
ISBN: 978-1-5265-1261-1
Verlag: Bloomsbury Academic

Buch, Englisch, 96 Seiten, Paperback, Format (B × H): 209 mm x 297 mm, Gewicht: 290 g

The Bloomsbury Professional Tax Insight - Cryptocurrency and Blockchain is a short and accessible guide, providing an overview of cryptocurrency and how it works. It also delves into the following:

- How cryptocurrency gains and losses are taxed for either individuals or companies: gambling gains or losses, trading gains or losses or capital gains or losses
- How non-domiciled individuals are taxed on cryptocurrency / cryptoasset gains for inheritance tax, capital gains and income tax purposes
- Whether cryptocurrency is "property" for the purposes of UK tax legislation
- The VAT implications of cryptocurrency / cryptoasset transactions.

Cryptocurrencies are increasingly being used globally and are more regulated in some territories around the world. This title also deals with non-resident investors, and offshore cryptocurrency funds and tax avoidance.

Cryptocurrency and Blockchain is part of the new Tax Insights series of publications. These titles concentrate on topical and developing areas of taxation, providing the reader with focused commentary using examples and diagrams to illustrate key points which reflect the writers' expertise.

This title is included in Bloomsbury Professional's Cyber Law online service.

Autoren/Hrsg.

Symons, Ben

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

1. Introduction
2. What are the different types of cryptoassets?
3. What is cryptocurrency and how does it work?
4. Taxation consequences - cryptocurrency gains - trading, gambling or investment?
5. Could cryptocurrency profits be tax-free on the basis the taxpayer was 'gambling'?
6. Could cryptocurrency profits be 'miscellaneous income'?
7. Cryptocurrency - an investment?
8. Cryptocurrency losses
9. Cryptocurrency 'mining'
10. Airdrop cryptoassets/tokens
11. Forks in the Blockchain and their tax consequences
12. Employment taxes
13. Non-domiciled individuals and inheritance tax
14. Non-domiciled individuals and capital gains tax
15. Value Added Tax ('VAT')
16. Conclusion

Über Autor(innen)

Symons, Ben
Ben Symons has a broad commercial law and taxation law practice. Ben acts in a wide range of disputes in both the High Court and the County Courts including commercial and trust disputes, professional negligence disputes, employment law, probate disputes, professional negligence, civil and commercial fraud and cost assessment matters. Ben also has a particular interest in cyber/data protection law and class actions. Ben also has a large practice in all aspects of UK and international taxation advisory and disputes matters.

Prior to joining the Bar, Ben worked as senior legal counsel for a number of large investment banks in London and regularly advised on complex structured finance transactions in excess of £500 million. Ben is also currently the secretary of the UK branch of the International Fiscal Association.

Ben Symons is a barrister at Field Court Chambers.