CRYPTO22450 - Cryptoassets for individuals: Capital Gains Tax: being defrauded
HMRC does not consider theft to be a disposal, as the individual still owns the stolen asset and has a right to recover it. This means victims of theft cannot claim a loss for Capital Gains Tax.
Individuals who contract to acquire tokens but then do not receive the tokens they have paid for may not be able to claim a capital loss.
Individuals who contract to acquire tokens and do actually receive tokens, may be able to make a negligible value claim to HMRC if those tokens become worthless. If the tokens are worthless when acquired then a negligible value claim won바카라 사이트™t be allowed. This won바카라 사이트™t affect the ability of the individual to dispose of the tokens by other means to crystallise the capital loss.
More information can be found in CG13155.