Rejected petition 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.

More details

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.

This petition was rejected

Why was this petition rejected?

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.

https://petition.parliament.uk/petitions/570346

We only reject petitions that don’t meet the petition standards.

Date submitted 29 March 2021
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.