Since its launch in 2009, not only have thousands upon thousands of new virtual coins been created, but Bitcoin has also helped to spawn numerous additional forms of cryptocurrencies too.
It has become a highly popular form of investment for corporates and individuals alike, and with the birth a new medium of currency, it follows that the tax and accounting rules are brought up to speed accordingly. Crucially for the investor, it is imperative that there is a full understanding of what this means for them.
Our team has built up a tremendous amount of experience in this area over recent years, and are continually monitoring any changing rules as the taxation landscape alters. This leaves us extremely well placed to be able to guide our clients through the tax implications of investment in “gold 2.0”.