UK tax on crypto credit card

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UK tax on crypto credit card

As in title.. There is plenty of crypto debit cards and crypto credit cards coming along… From what I found online you don't have to pay CGT on credit cards as u using credit provided based on amount of collateral u had put in I. Where purchase with debit crypto card is taxable.

I can't get my head round, why it would be non taxable event, as end of month u have to pay back enough crypto to cover what u spent.

If someone can explain like I'm 5 please?

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submitted by /u/TripAdvisor007
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