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In most cases, the amounts you get from selling, trading or exchanging cryptoassets are taxable (this includes when you exchange one type of cryptoasset for another).

You may have to pay tax because you’re:

  • acquiring cryptoassets for the purpose of disposal (for example to sell or exchange)
  • trading in cryptoassets
  • using cryptoassets for a profit-making scheme.

It’s important to look at whether your cryptoasset activity falls into any of these categories.