Please could anyone advise on this issue. Over the past few years I have purchased crypto for family members and would now like to transfer it to them so they may include it in their tax returns instead of myself being responsible. Is there a way that I can remove these crypto quantities so that Koinly does not count as gains in my accounts? I’m not sure of the exact purchase transactions because they were included with my own. Is this possible?
I believe you can make a new transaction manually and mark it as a “gift”.
Thanks. I’m not sure how this would work because if I gift GBP from my account then this has already incurred tax because if I bought someone BTC and then traded to GBP a year later the gains are registered in the system.