Tax & Regulation
How do I calculate CGT on mined coins?
| Step | Action | Example (RVN) |
|---|---|---|
| 1. Record receipt | Log £ value when mined | 200 RVN at £0.004 = £0.80 |
| 2. Income tax | Pay tax on £0.80 | 20% = £0.16 |
| 3. Sell later | At £0.22 each = £44 | Gain = £43.20 |
| 4. CGT allowance | £3,000 annual allowance | If total gains < £3K, no CGT |