Crypto Tax in United Kingdom

A structured summary of how individual crypto taxation works in United Kingdom — the tax regime, headline rate, accepted cost-basis methods, exemptions and anti-avoidance rules.

General information generated from our jurisdiction dataset, not tax advice. Rules change — verify with a local professional.

Individual crypto tax — United Kingdom

General Information

Default Framework

IFRS

Crypto Classification

Intangible Asset, Investment

Tax Year

UK APR APR (M4)

Functional Currency

GBP

FX Source (Reporting)

BOE

FX Source (Tax)

HMRC

Transaction Rate

Daily Spot

Hyperinflationary

✗ No

Individual Tax — Regime

Tax Regime

Capital Gains

CGT with share pooling. Same-day rule, then 30-day B&B rule, then S104 pool. Annual exemption reduced.

Tax Rate

24%

18% basic rate / 24% higher rate (from Oct 2024). Was 10%/20% before.

Individual Tax — Cost Basis

Measurement Basis

Historical Cost

Cost Method

SHARE POOLING

Method Electable

✗ No

Permitted Methods

Share Pooling

Country Override

Share Pooling (UK)

Individual Tax — Exemptions

CGT Exempt

✗ No

Holding Period

—

HP Benefit

—

Annual Exemption

GBP 3,000

Threshold Exemption

—

Individual Tax — Anti-Avoidance

Wash Sale

✓ Bed and Breakfast

Same-Day Rule

✓ Yes

Superficial Loss

✗ No

Loss Restriction

Capital only

Loss Carryforward

Unlimited

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Is crypto taxed for individuals in United Kingdom?

United Kingdom applies a Capital Gains treatment to individual crypto. The table above shows the headline rate, cost-basis method and any exemptions.

Which cost-basis method does United Kingdom use?

See the cost-basis section above for the default method and the alternatives United Kingdom permits for individuals.

Other jurisdictions

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