Hi all,
Bit of a unique situation I could use some advice on.
I’ve been using a crypto casino and just hit big. (Shocker, i know)
Historically I’ve just withdrawn to my coinbase, sold to fiat and then transferred to my bank. Few K here and there and never had any issues or thought much of it.
Now with winnings being tax free this should be totally fine, but this is where the situation is unique. It’s not a UK based site and to deposit I’ve bought gift cards using fiat via another website that they sell them on.
This means I’ve not purchased crypto, but will just be receiving it into my coinbase account. But, as its not a UK site no idea how or if I can evidence that it’s from gambling winnings and therefore tax exempt.
Not sure whether to just take screenshots of everything to have the evidence and then go for it and do the usual cash out mallarchy, or if I need some official advice.
Any guidance would be greatly appreciated!