Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.
Hi all, please see this major site announcement: https://www.boards.ie/discussion/2058427594/boards-ie-2026

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
Advertisement