How NFTs are TAXED and HOW TO AVOID IT


In this video I discuss the different ways in which trading NFTs are taxed. The amount you will be taxed differs if you are a basic or higher rate tax payer and so I have ignored the Capital Gains Tax Allowance of £12,300 in this video to make it easier to understand.

NFTs are one of the most talked about investments and I believe in the future, everyone will own one.
NFTs are a double taxation investment because you are subject to capital gains tax (CGT) when you sell your crypto/buy your NFT and at the end of the process when you sell your NFT.

I have discussed 3 different ways in which one can get around paying these taxes, however this is not advice.

About me:

I’m a 22 year old trainee financial adviser based in Northern Ireland.
I’ve a passion for economics, business, finance and video making. I want to help educate as many people as possible on finances, to help show people how easy it can be to invest money. And hopefully you won’t need a financial adviser like myself once you’ve finished watching my vids!

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