Cryptocurrency & Personal Taxation Explored with Ben Symons, Old Square Tax Chambers

Introduction

As cryptocurrency investing continues to expand across the retail market, many individuals are encountering tax issues that are far from straightforward. Determining how gains, losses, and rewards should be treated for UK tax purposes often requires careful interpretation of HMRC guidance and the underlying legal principles.

This new virtual classroom seminar, led by Ben Symons of Old Square Tax Chambers, offers a clear explanation of how UK tax rules apply to individuals holding or transacting in digital assets.

Translating technical rules into accessible insights that accountants and tax advisors can immediately apply, this session will concentrate on the legal and tax characterisation of different types of crypto activity and the key issues that arise in practice for personal taxpayers.

Using practical case studies, it will offer clarity on how HMRC currently views different forms of crypto gains, the impact of residence and domicile status, and the evolving treatment of emerging digital asset categories such as non-fungible tokens (NFTs) and decentralised finance (DeFi) arrangements.

What You Will Learn

This live and interactive session will cover the following:

• How HMRC determines whether crypto profits fall within gambling, trading, or capital gains rules
• Tax characterisation of returns from decentralised finance arrangements and stablecoin transactions
• Current tax issues connected with NFTs
• The impact of residence and domicile status on crypto taxation for newly arrived or formerly non-dom individuals
• Opportunities for advisers in dispute resolution, enquiry support, and developing a crypto-focused tax practice
• Practical case studies

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.