CGT on switching crypto?

But is it true that lots of people switch crypto currency without paying cgt each time they do this like in currency trading?

More and more friends of mine agree with my opinion...

I feel quite a lot of FOMO... Because every time I switch stocks I pay cgt to the last cent...

Any reassurance on transparency on the cryptos and taxes is so welcome...

It's very clear. If you realise a profit when selling/switching crypto, it is subject to CGT.

Brendan

Use Koinly.io and it will calculate your crypto taxes for free.

Corola said:

Use Koinly.io and it will calculate your crypto taxes for free.

Click to expand...

Thank you @Corola And do they show cgt liabiliry/loss (to be declared only if you hold for at least 29 days) each time you switch crypto?

Yes, gains/losses are realised on crypto -> crypto trades.

https://koinly.io/guides/crypto-tax-ireland/