Taxes

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  • #146115
    Flips WANTED $1
    Outlaw

    Does anyone know if crypto casino winnings are tax free? Obvs normal uk bookies is tax free, but wondering if same for crypto side as crypto itself is taxable

    #146121
    Ant 75 WANTED $8
    Outlaw

    Yes they are liable for tax.It makes no difference how you increase your crypto value, either through gambling or just an increase in coin price.
    If the crypto casinos were regulated and paid uk tax, then you probably wouldnt have to, but they dont.
    Unless i had a very large win,i wouldn’t bother sending it back to the exchange and withdrawing it. I just keep mine in a defi wallet and buy giftcards for everyday expenses.

Viewing 2 posts - 1 through 2 (of 2 total)