Hi,
Have a company that generally collects rental income. With this rental income it tends to buy crypto currencies.
Now i have a gain i would like to realise and to bet on another cryptocurrency.
If i sell the token i am liable to CGT presumably?
If i buy another token and i record a loss on this presumably i can offset the CGT ?
Presumably as main trade of company is not crypto it is not classified as corporation tax relevant but CGT ?
Is there anything i need to watch out for ?
Have a company that generally collects rental income. With this rental income it tends to buy crypto currencies.
Now i have a gain i would like to realise and to bet on another cryptocurrency.
If i sell the token i am liable to CGT presumably?
If i buy another token and i record a loss on this presumably i can offset the CGT ?
Presumably as main trade of company is not crypto it is not classified as corporation tax relevant but CGT ?
Is there anything i need to watch out for ?