HMRC have added new content to their International Manual.
The content is at INTM269079A and covers “Non-residents trading in the UK: through UK investment managers, brokers or Lloyd’s agents: investment managers – ‘investment transaction’ – transactions in designated cryptoassets”.
The new content relates to the Investment Manager (Investment Transactions) (Cryptoassets) Regulations 2022 – see https://claritaxnews.com/personal-taxes/cryptoassets-non-statutory-instrument-designation/.
https://www.gov.uk/hmrc-internal-manuals/international-manual/intm269079a
Related content from Claritax Books
In Cryptocurrency and Other Digital Assets – Tax Law and Practice, by Andy Wood, the author explores how established principles of UK taxation (e.g. trading or investment, the nature of income, the location of assets, tax reliefs) are properly applied to the fast-moving crypto world.
