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How to pay tax on profits made from cryptocurrency? ?
Hi all. I'm about to cash out £10,000 in profits from cryptocurrency trading and just wondering how I go about paying tax on it? I've never had to do my own taxes before and currently employed full time and pay tax with PAYE so I am unsure how I go about paying taxes on a one off lump sum? I've heard from people that I can also claim it as a gift meaning I won't have to pay tax on it but I'm not sure if that's true or not. Thanks for any help in advance.