Cryptoassets for individuals

1. Advising the client

1.1. What are your client's needs?

1.2. Guiding your client

2. What are cryptoassets?

2.1. Definition

2.2. Peer-to-peer (consensus) system

2.3. Types of cryptoasset

3. Tax background: types of activity

4. Tax liability on acquisition

4.1. How are cryptoassets acquired?

4.2. Miscellaneous income

4.3. Employment income

5. Allowable costs on acquisition

5.1. Pooling

5.2. Same-day rule

5.3. 30-day rule

5.4. Airdrops

5.5. Blockchain forks

6. Tax liability on disposal

6.1. Sale

6.2. Exchange

6.3. Gift

7. Tax relief for losses

7.1. Loss/fraud

7.2. Negligible value

8. IHT

9. Stamp taxes

10. VAT

11. Tax compliance