Will extracting exactly £6,000 in crypto gains before April 2024 exempt me from capital gains tax if I retain my other digital assets?

Regulation and Compliance
1

Question

I’m planning to eventually realize a portion of the profits from my cryptocurrency portfolio. Specifically, I am contemplating extracting exactly a £6,000 profit by April 5th, 2024 while keeping the remaining digital assets untouched. My question is whether this exact withdrawal would mean that no capital gains tax needs to be paid on that portion. Additionally, in subsequent tax years, could a strategy of withdrawing around a £3,000 profit annually before April potentially allow for tax avoidance or minimization? Please advise.

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hey im not a tax expert but if total gains including the crypto are under the annual limit, your 6k might dodge cg tax. rules can be messy though so its best to get a tax pro’s advice on your overall strategy.