One time payment on crypto CGT

[Melcher]

Hi,

I made a single purchase of some bitcoin a couple of years ago that I will be looking to sell soon and I will (unless everything goes horribly wrong!) have to pay CGT.

It will be a single sale and all of the bitcoin was acquired in a single purchase so there are no cost base calculations etc.

My question is, can I avoid doing a self-assessment by using the real time reporting option on the HMRC website? I understand that it wouldn't normally be used for crypto as there are often multiple purchases and sales but in my case it was one purchase and one sale so I think it should be ok?

It would make things so much easier for me if I can report it this way.

Thank you

[AGoodman]

Yes.

There are no special tax rules for crypto. It is considered an asset just like any other.