Cryptocurrency Tax UK
Work out how much Capital Gains Tax you owe on Bitcoin, Ethereum and other crypto assets. Use our free calculator to estimate your bill using current HMRC allowances and rates.
Estimate Your Crypto Tax Bill
Enter your total crypto profit for the tax year and your other taxable income to see how much Capital Gains Tax you’re likely to owe, based on current HMRC allowances and rates.
Gains & Income Details
Enter your crypto profit and annual taxable income
Tax Estimate
Estimated Capital Gains Tax due on your crypto profit
How Crypto Is Taxed in the UK
HMRC does not treat cryptoassets as currency. Depending on how you acquired and disposed of them, crypto can trigger either Capital Gains Tax or Income Tax.
Capital Gains Tax
Applies when you sell crypto for £, swap one token for another, spend crypto on goods or services, or gift it to someone other than your spouse or civil partner.
Income Tax
Applies to crypto received from employment, mining as a trade, or certain staking and airdrop rewards, based on its value in £ at the time you received it.
Record Keeping
HMRC expects you to keep records of each transaction: dates, values in £, transaction types, and pooled cost basis for each type of token.
Crypto CGT Rates & Allowances
Key figures for individuals disposing of crypto assets on or after 30 October 2024.
| Item | 2024/25 | 2025/26 |
|---|---|---|
| Annual Exempt Amount (tax-free allowance) | £3,000 | £3,000 |
| Basic rate CGT (within basic rate band) | 18% | 18% |
| Higher / additional rate CGT | 24% | 24% |
| Basic rate Income Tax band (approx.) | £37,700 | £37,700 |
| Self Assessment reporting threshold (proceeds) | £50,000 | £50,000 |
Cryptocurrency Tax FAQ
Everything you need to know about how HMRC taxes cryptocurrency in the UK.
Yes. HMRC treats most crypto assets as property, not currency. Selling, swapping, spending, or gifting crypto (other than to a spouse or civil partner) is normally a disposal for Capital Gains Tax purposes. Crypto received from mining, staking, airdrops, or as employment income can also be taxed as income instead.
Every individual has a tax-free Capital Gains Tax allowance, called the Annual Exempt Amount, currently £3,000 per tax year. Total gains across all assets, including crypto, above this allowance are taxable. There is no separate crypto-only allowance.
For disposals made on or after 30 October 2024, individuals pay 18% on gains that fall within their remaining basic rate Income Tax band, and 24% on gains above it. The rate you pay depends on your total taxable income plus your gains for the year.
You generally need to report crypto gains via Self Assessment if your total gains exceed the Annual Exempt Amount, or if your total proceeds from disposals exceed £50,000 in the tax year, even if no tax is owed. Income from mining, staking or airdrops is usually reported as miscellaneous or employment income.