"CT, IT and CGT treatment of Bitcoin and similar cryptocurrencies
As with any other activity, whether the treatment of income received from, and charges made in connection with, activities involving Bitcoin and other similar cryptocurrencies will be subject to CT, IT or CGT depends on the activities and the parties involved.
Whether any profit or gain is chargeable or any loss is allowable will be looked at on a case-by-case basis taking into account the specific facts. Each case will be considered on the basis of its own individual facts and circumstances. The relevant legislation and case law will be applied to determine the correct tax treatment. Therefore, depending on the facts, a transaction may be so highly speculative that it is not taxable or any losses relievable.. For example gambling or betting wins are not taxable and gambling losses cannot be offset against other taxable profits."
Just PHONE them up, like I did. If you are like me who buys and sells crypto for fiat without trying to sell services/goods as a business then youre good! I've sold >£300,000 worth of xrp, phoned HMRC up, told them all relevant facts and they said it wouldn't be taxed at all. They mentioned its just like gambling, unless you are a certified trader. It also helps with my accountant being smart unlike most accountants who google the first thing they find. I cringe at all the people paying tax when they dont need to due to pure laziness on their part. I'll stop replying about this now, not looking to help blind people.