Tax question, note I’m based in the UK.
I owned some UMB token which was delisted off the KuCoin exchange. Unfortunately, I didn’t withdraw the token in time as per warning on this page (point 4): Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin
" 4.If you are currently holding the relevant tokens, please make your withdrawal on or before the closing date above. If you did not withdraw the funds within the specified time period, you are deemed to have given up the funds and will have no rights to claim back the funds or any other equal valued products from KuCoin."
So my question is, would this count as
- a lost asset in which case I can’t offset the loss against my capital gains tax total
- a disposal meaning I can offset the loss against my capital gains tax total
Some guidance would be appreciated.