Jim's situation involves a significant amount of capital gains from his cryptocurrency investments, which have tax implications in the UK. Here's a breakdown of what he should consider:
### 1. Steps to Reduce Tax Liability:
**Understand Capital Gains Tax (CGT):**
- In the UK, capital gains tax is payable on profits from the sale or disposal of assets, including cryptocurrencies.
- The current CGT rates are 10% for basic rate taxpayers and 20%


