Advising on Capital Gains Tax liabilities resulting from Bitcoin investment

We have recently advised a client who was invested substantially in Bitcoin over a long period, potentially resulting in substantial tax liabilities upon disposal.

We have provided advice on the base cost for tax purposes and advised on the most tax efficient disposal strategies, which include transferring assets to their spouse, utilising their capital gains annual exemption amount.

We also undertaken annual tax returns on behalf of our client and ongoing tax compliance work.