Tax on Crypto?

Forum › Casino Lobby › General Discussion

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • 25th July 2024 at 9:00 pm #141957
    JonnyBongo WANTED $2
    Outlaw

    Anyone know the crack with legitimately changing crypto back to fiat?

    had a considerable win but have been reading into it with the KYC system the HMRC have info on transactions… I’ve spoken to accountants but even they seem unsure on the rules

    anyone dealt with this?

    25th July 2024 at 11:11 pm #141964
    Slot WANTED $44
    Outlaw

    If you cashout from a casino, there is 0 tax, if you hold on to your wallet and make a profit you need to pay a TAX, I have played on crypto casinos for 3-4 years now, and cashout easily more than £100k and never got any bill from HMRC, if is over £10k win you should cashout like £4k £5k at a time to avoid KYC by wallet or do a cashout on 2-3 different wallets

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)