Submitted on Monday 29th March 2021
Rejected on Monday 10th May 2021
Current status: Rejected
Rejection code: duplicate (see below for details)
Make UK Crypto Profits Tax Free, as long as it is not a form of main income.
Allow Crypto income to be tax free as long as it is not your Full time Income Wage. If you make Crypto Profits as a side income and not as your main Income, Allow it to be tax free. If the money you put into crypto has already been taxed, then the money you make from it should not be taxed.
If the money you put into crypto has already been taxed from your main income wage i believe the money you profit from it should also be tax free, unless You are using Cryptocurrency as a form of main Income, then i believe it should be taxed as per usual. People are using their hard earned money from work in crypto to better their networth and i believe it should be highly encouraged and can have a great impact on the UK.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
petition.parliament.uk/petitions/570346
18.226.93.198 Tue, 19 Nov 2024 13:36:54 +0000
