Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Cryptocurrency Taxation in Ireland

  • 14-05-2021 10:05PM
    #1
    jimmyjoe98
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hi all,
    Recently considering dabbling in cryptocurrency but in a bit of a quandary and hoping you might be able to help!

    Long story short, I have two questions:
    1. I'm on Jobseeker's Allowance. Will that in any way have an impact on my engaging in purchasing (and hopefully profiting from) crypto?
    2. As far as I know, tax allowance is €1650. Does that mean that if I make a profit above that, I need to make a tax report, or does it mean that I need to report it regardless, but just won't pay any tax below that rate? Considering that I'm on Jobseekers, will filing taxes affect that?

    Would love advice from anyone in a similar situation or who knows the craic.

    Thanks a lot.
    Tagged:


Comments

Advertisement