Starting on Jan. 1, 2023, the U.K. is enforcing tax breaks for foreign investors using local brokers or investment managers to purchase crypto. camomileshumba reports
“This exemption is an important factor in attracting global investors, meaning foreign investors won’t be brought into U.K. tax simply by appointing U.K.-based investment managers,” the government's tax arm, the HM Revenue and Customs, said in an email to CoinDesk. “To build upon the U.K.’s position as an investment management hub, this exemption has been extended to include crypto assets, so that funds which include them aren’t put off from appointing U.K. managers.
The country already has a tax guide for resident crypto traders. In July, the HM Revenue and Customs published
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