Crypto losses setoff

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72 Points Posted on 12 June 2023
can crypto losses set off against crypto profits?
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On 12 June 2023 at 22:43 Report
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Quick Summary
In the UK, you generally cannot offset losses from one cryptocurrency against profits from another. However, losses from a specific cryptocurrency can be offset against profits from the same cryptocurrency. This distinction is crucial for understanding your tax liabilities on crypto trading.

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Practising CA
8954 Points Posted on 13 June 2023
Loss from one crypto asset will not be setoff against the income from other crypto assets.
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On 13 June 2023 at 00:40
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94 Points Posted on 14 June 2023
Yes if same crypto currency
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On 14 June 2023 at 08:31

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