UK Extends Crypto Tax Break for Investment Managers in Financial Reforms

UK Extends Crypto Tax Break for Investment Managers in Financial Reforms

In a package of financial services reforms unveiled today, setting out how to replace European Union banking and financial-market laws, the Treasury said it would extend an existing tax break, which allows investors to use a U.K.-based manager without drawing extra tax liability, to the crypto sector. The change will be made via regulations this year.

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