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Crypto Tax in United Kingdom
Tax authority: HMRC · Last updated: 2026
Overview
| Classification | Property (cryptoasset) |
| Capital Gains Tax | 10% / 20% (above £3,000 annual exemption) |
| Holding Period | No reduced rate for holding period |
| Cost Basis Method | Share Pooling (Section 104 pool) |
| Reporting Forms | Self Assessment Tax Return, Capital Gains Summary (SA108) |
Key Rules
- •Crypto is subject to Capital Gains Tax (CGT)
- •Must use Share Pooling — not FIFO/LIFO
- •£3,000 annual CGT exemption (2024/25 onwards)
- •Income from staking/mining taxed as miscellaneous income
- •DeFi lending returns may be income or capital depending on structure
Best Crypto Tax Software for United Kingdom
Disclaimer: This guide is for informational purposes only and does not constitute tax advice. Crypto tax rules change frequently. Consult a qualified tax professional in United Kingdom for advice specific to your situation.