There are bank accounts you can now open and have your holdings in Bitcoin, which can then be used to buy things using debit cards with the current conversion. Let’s assume I have a lot of bitcoin and I don’t want to pay the 20% capital gains tax, could I in theory just open up one of these bank accounts and spend some of the Bitcoin without having to declare it?
Sorry, but the UK tax laws are shambles when it comes to crypto, so I’m really confused.
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