Initially this project might only be a 1 or 2 days a week so wouldn't be my main source of income so I was thinking I could just hold on to the ETH for a while and see where it goes. As I understand it you would pay capital gains tax when you convert it back to £ but at the value it was when you first got it which given how volatile it is could be wildly different.
Got a call with the guy tomorrow so will see what the options are.
Initially this project might only be a 1 or 2 days a week so wouldn't be my main source of income so I was thinking I could just hold on to the ETH for a while and see where it goes. As I understand it you would pay capital gains tax when you convert it back to £ but at the value it was when you first got it which given how volatile it is could be wildly different.
Got a call with the guy tomorrow so will see what the options are.