Legislation Defining “Designated Cryptoassets”, Published By HMRC.

HMRC have made secondary legislation to define “designated cryptoassets” via a Non-Statutory Instrument and include them in the list of investment which qualify for the Investment Manager Exemption.

This legislation applies to transactions entered from tax year 2022-2023 onwards; and accounting periods that include 19 December 2022 onwards.

Contacts

If you require assistance in relation to the above and/or would like to discuss anything further, please do not hesitate to contact info@act.london or your usual A.C.T. contact.