| 15.1°C Dublin

Close

Premium

Your personal finance questions – Do I need to file a tax return after making some bitcoin gains?

Close

Cryptocurrencies

Cryptocurrencies

Cryptocurrencies

Q I have been chatting with my friends and we are confused as to whether I need to do a tax return. They are all fully PAYE in terms of their income and while I’m also in a steady job, I have dabbled a bit with bitcoin over the last few years. I’ve had some losses and some gains, but overall I’m up. Do I need to declare this and do a tax return?

 

The simple answer is that, in most cases, anyone earning additional income outside the PAYE system, through rent, investments, or self-employment, is obliged to file an annual tax return, says Marian Ryan, the consumer tax manager at Taxback.com.


Most Watched





Privacy