Dee Macdonald

Dear Macdonald We are writing regarding the pending transaction originating in the United Kingdom and intended for settlement in South Africa. As part of the transaction review, the funds associated with it are subject to the applicable UK banking, tax, and financial-crime compliance requirements. Given the cross-border nature of the payment and the underlying cryptoasset activity, the transaction may require confirmation that any applicable Capital Gains Tax (CGT) arising from the disposal or realisation of cryptoassets has been properly assessed and reported to HM Revenue & Customs (HMRC). Under HMRC guidance, cryptoassets can constitute chargeable assets for UK Capital Gains Tax purposes, and a taxable gain may arise where cryptoassets are sold, exchanged, used for payment, or otherwise disposed of at a gain. The relevant gain is generally calculated by reference to the acquisition cost, disposal proceeds, and allowable costs, with the figures converted into sterling where necessary. Transaction and Tax Summary The transactions currently recorded are as follows: Transaction 1: 46,235.40 USDT Tax at 10%: 4,623.54 USDT Transaction 2: 48,773.72 USDT Tax at 10%: 4,877.37 USDT Combined Transaction Total: 95,009.12 USDT Total Tax at 10%: 9,500.91 USDT