By David Cairns
HMRC have released guidance on the taxation of crypto assets for individuals. It is believed to be one of the most comprehensive sets of guidance currently issued by any government and it can found at https://www.gov.uk/government/ publications/tax-on-cryptoassets
How is an individual taxed?
Crypto mining is subject to Income Tax as miscellaneous income on discovery (not necessarily on sale) at tax rates up to 45 per cent. Future growth is normally subject to Capital Gains Tax.