The ATT has responded to the government’s call for evidence on the taxation of stablecoins.
Stablecoins are a type of cryptoasset that seek to maintain a stable value by reference to another asset, such as the dollar or sterling.
https://www.att.org.uk/technical/submissions/consultation-response-taxation-stablecoins
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.
