im_gas

To clarify, all profits from currency that is converted from btc to gbp (in my case), is taxable in that financial year. what happens for the btc that I have received from transactions?

So would clear documentation of my bets, showing a profit be enough to show HMRC (assuming the betting websites are regulated)??

Hey everyone, I've been making some decent money with sports betting on crypto platforms. In the UK, gambling winnings aren't taxed, but profits from crypto are. So what’s the deal with HMRC? My crypto wallet…