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TagsWhat are the tax implications for cryptocurrency trading in Ireland?
Kay PopeNov 23, 2021 · 3 years ago1 answersI am curious about the tax implications of trading cryptocurrencies in Ireland. Can you provide me with some information on how cryptocurrency trading is taxed in Ireland?
1 answers
- In Ireland, cryptocurrency trading is subject to capital gains tax. This means that any profits made from buying and selling cryptocurrencies are taxable. The tax rate for capital gains in Ireland depends on your income tax bracket. It is important to keep accurate records of all your cryptocurrency transactions and report them correctly on your tax return. If you are unsure about how to calculate your capital gains or have any other tax-related questions, it is advisable to consult with a tax professional who is familiar with the tax regulations in Ireland.Nov 23, 2021 · 3 years ago
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