Crypto tax basics for UK users

In the UK, crypto can have tax consequences. This is general information, not tax advice — rules and thresholds change, so always check current HMRC guidance or speak to a qualified professional.

The general picture

HMRC treats cryptoassets as property rather than currency. Depending on what you do, you may face Capital Gains Tax (for example when selling or swapping) or Income Tax (for example on some earnings, mining or rewards). Whether tax is due, and how much, depends on your circumstances and the current thresholds.

Practical steps

  • Keep clear records of your transactions and dates.
  • Check the current rules on GOV.UK for cryptoassets.
  • Consider professional advice if your situation is complex.

Crypto is high risk and largely unregulated in the UK. You could lose all the money you invest, and most crypto is not protected by the FSCS or the Financial Ombudsman Service. This is educational information only, not financial advice. Only invest what you can afford to lose.

Risk warning Cryptoassets are high risk and volatile, and are largely unregulated in the UK. You could lose all the money you invest. Most crypto is not protected by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service. crypto.co.uk provides educational and comparison information only and does not provide financial advice. Always check current details directly with providers, and only invest what you can afford to lose.
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