New client (aging pub musician) has made around £50,000 capital gains over 9 months on 16 separate sales of units in the above Swedish company.
The company is a Swedish-domiciled issuer of Bitcoin Trackers. The trackers are designed to mirror the return of the underlying asset, bitcoin.
I assume that these gains are liable to CGT in the normal way, and that there is no CGT exemption. I assume that the CGT exemption for foreign currency bank accounts could not possibly apply.
Does anyone know if my understanding is correct?