Bitcoin Investment via UK Ltd

[rukleit]

Can my (profitable) UK Ltd buy bitcoins and hold it as investment? How would HRMC look at this?

 

[forexminutejohn]

Bitcoins are generally used for contraband activities. So it is suspected by government in some countries.

 

[Cons]

Bitcoins are generally used for contraband activities. So it is suspected by government in some countries.

Its early days and although it has a stigma attached it definitely has a bright future and will have many applications associated with it.

 

[astutiumRob]

Can my (profitable) UK Ltd buy bitcoins and hold it as investment? How would HRMC look at this?

Can you buy them - yes. HMRC have already made statements about BitCoin.
Investment - not really - you're just exchangeing GBP for BTC, no real difference to exchanging GBP for JPY

Money are generally used for contraband activities.

I corrected your typo for you.

 

[roydmoorian]

Can you buy them - yes. HMRC have already made statements about BitCoin.
Investment - not really - you're just exchangeing GBP for BTC, no real difference to exchanging GBP for JPY


I corrected your typo for you.

In May 2011 Bitcoin was at $7.00 Today it is $381

Ought to have been holding $1000 dollars worth for 30 months - it would now pay out at over $50,000.