Episode 053: Interview with Sam Ball

Interview with Sam Ball

Sam Ball is a UK-based TEDx speaker and investor who saved and invested his student loan while studying accounting and finance at Durham University.

Sam made returns of over 70% in his first year in the stock market and has since diversified his portfolio into art and cryptocurrencies.

He currently works in personal tax and is studying to become a chartered accountant.

The firm Sam works for has a special interest in cryptos which is why he reached out to us to spend some time chatting about how the taxation system works in the UK.

Sam is an ICO (initial coin offering) advisor to a blockchain-based real estate and mortgage investment platform called Nest.

Coming up in today’s show:

  • How Sam got into investing & crypto currencies
  • What you need to know about crypto taxes if you're in the UK
  • Sam's advice for staying on the right side of HMRC

Coinbase

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Check out the video feed on our YouTube channel at: http://cryptonewspodcast.com/YT

I Pay Tax In The USA!

We recommend How to Pay Your Bitcoin Cryptocurrency Taxes | Bad Crypto Podcast ep. 73 – see https://badcryptopodcast.com/2018/01/17/pay-cryptocurrency-taxes-73/

Links From This Week's Show …

1) Sam's LinkedIn profile: https://www.linkedin.com/in/thesamball/

2) Sam's interview on PureFinancial.com: https://purefinancial.com/ymyw/podcasts/cryptocurrencies-real-estate-investing-174/

3) Sam's TEDx talk:

4) Follow Sam on Twitter: https://twitter.com/thesamball

5) The Nest ICO: http://mynest.io/

6) The firm of accountants where Sam works: https://www.kennetheasby.co.uk/

7) HMRC crypto taxation guidance: https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies

8) HMRC’s brief on cryptocurrencies provided by Sam: https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies

9) More recent article (18/10/17) from taxjournal.com explaining it which also seems to indicate that HMRC have not changed or altered their stance since the 2014 brief, as well as taxation article and accountancy age articles stating cryptocurrencies fall under CGT rules:

https://www.taxjournal.com/articles/taxation-profits-cryptocurrencies-18102017

https://www.taxation.co.uk/Articles/2015/03/10/332784/cryptic-currency

https://www.accountancyage.com/2017/12/04/treasury-cracks-bitcoin-amid-tax-evasion-concerns/

[Note: We're happy to attribute sources where we can. If you haven't branded your graphic and you'd like us to add a link, please email us at questions@cryptonewspodcast.com]

This week's Top Crypto Coins:

See https://cointracking.info/coin_trends.php for the latest stats.

Paul's Fantasy Crypto Portfolio:

See http://cryptonewspodcast.com/paul

Paul Teague

Alison's Fantasy Crypto Portfolio:

See http://cryptonewspodcast.com/alison

Alison's Bitcoin-only portfolio: http://cryptonewspodcast.com/BTC

Your Crypto Portfolios:

See https://cryptonewspodcast.com/your-crypto-portfolios/

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