Crypto Mining for Tax Reduction and Increased Revenue

You’re not using “Loopholes” or “Evading Tax”, you are using the Government’s own Tax Laws to Save Money

*The Information provided below is for educational purposes and it does not Constitute Financial Advice.

A Cryptocurrency Miner is nothing more than a Computer. Technology costs are a business expense. If you run a Small to Medium sized Business, or own a Limited Company, including Contractors, you can buy a Crypto Miner and claim it as a computer so that it can be deducted as a technology cost. This means that you would pay less Corporation Tax in that Tax year, but the purchase that you make to created this reduction would make generate profits Crypto profits for this and consecutive Tax Years. Those Crypto Profits can be stored safely on Cold Storage Devices, or cashed out for Fiat Currency which can be transferred to your Bank Account on the same day.

Payouts occur weekly and, as per this article (10/04/2022), Crypto Assets are classified as Assets, hence they are not Taxable until they are sold in return for Fiat Currency.