RE: How Crypto Lending Platforms Are Encouraging Short Markets

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Thanks for the example for the tax efficiency part. I've seen a lot of talk about that lately, but not with an example I understood.

I can see now it won't be of much use to me as I don't trade. Useful to know.

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If you want a better view on the costs, I wrote a post yesterday comparing leading rates to tax rates, its a bit crude but it will give you an idea on how to calculate it for yourself.

You can check it out here

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It's gets confusing because lending is used in different ways I think. Many posts talk about lending when, to my mind, they are really talking about borrowing. I am not interested in borrowing which, after reading your post, is where the tax breaks seem to be.

From what I've read in UK tax forums, whether or not you can save tax on earnings from crypto you've lent out, is a grey area and hotly debated. HMRC doesn't recognise crypto as a currency so it's not clear whether these earnings would be treated as interest earned or miscellaneous income which have different treatments.

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