This is a hypothetical question to understand crypto taxes:
if i invested 1000 dollars and made 101,000 - my capital gains are 100,000.
my wife/friend/brother who is not working and I gifted her 18k from my 100K capital gains. I gifted her with my crypto. Means i made crypto transfer that values 18K. and she now sold it because its her gift from me.
now as she is under the tax bracket, does she needs to pay tax?
You cannot gift capital gains after an asset has been sold.
If the gift an asset so that it can be sold by the recipient,
then you have made a CGT disposal at market value - and the recipient has a deemed cost base = market value.
You cannot gift capital gains after an asset has been sold.
If the gift an asset so that it can be sold by the recipient,
then you have made a CGT disposal at market value - and the recipient has a deemed cost base = market value.
While u can call it disposal, I’m just gifting my wife who is not working at all. And u haven’t answered the question, will that .1145 Bitcoin that I gift to my wife is taxed or not? Because if she wants to sell it and use it for her personal. As 18k is below the tax bracket, will that be taxed or not.
15 Apr 2026 · 8 min read time
4 Dec 2023 · 9 min read time
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