UK Crypto Tax FAQs

Confused about UK cryptoasset taxation? Look no further!

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29 articles in this collection
Written by George Benton
General

How much cryptocurrency tax do I owe?

How do I calculate cryptocurrency tax owed? How much tax should I pay on bitcoin gains? What is the tax rate on cryptocurrencies in the UK?
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Written by George Benton
Updated over a week ago

How much profit do I have to make on cryptocurrencies to be liable to pay tax in the UK?

How much tax do I owe on my cryptocurrency investments? How does cryptocurrency tax work? What are the cryptocurrency tax thresholds?
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Written by George Benton
Updated over a week ago

How do I report losses on cryptocurrency investments to HMRC?

Can I claim tax back on cryptocurrency investments that lost money? How do I claim taxable losses on cryptocurrencies?
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Written by George Benton
Updated over a week ago

Which taxes apply to cryptocurrencies in the UK?

How is bitcoin taxed in the UK? Which taxes do you pay on cryptocurrencies? How much tax do I owe on cryptocurrency investments?
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Written by George Benton
Updated over a week ago

Can I owe more tax on cryptocurrencies than the value of my current portfolio?

How much tax do I owe on cryptocurrency investments? Can tax on cryptocurrencies be higher than current portfolio value?
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Written by George Benton
Updated over a week ago

What does HMRC classify as a taxable event for cryptocurrencies?

Is trading crypto to crypto taxable? How much crypto tax do I owe? How is bitcoin taxed in the UK?
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Written by George Benton
Updated over a week ago

How are cryptocurrency CFDs and futures treated for tax purposes by HMRC?

What are CFDs? How are cryptocurrency CFDs and futures taxed according to HMRC? Are cryptocurrency CFD traders subject to income tax?
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Written by George Benton
Updated over a week ago

What constitutes a cryptocurrency according to HMRC?

What is a cryptocurrency for tax purposes? What are the different types of cryptocurrency? What is the CATF?
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Written by George Benton
Updated over a week ago

How should I keep track of my cryptocurrency trades according to HMRC?

How should I keep cryptocurrency records for tax purposes? How should I keep track of cryptocurrency tax data?
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Written by George Benton
Updated over a week ago

How do forks impact cryptocurrency tax in the UK?

What taxes are paid on cryptocurrency forks? Is a hard fork a taxable event? How do I account for cryptocurrency hard forks?
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Written by George Benton
Updated over a week ago

How do airdrops impact cryptocurrency tax in the UK?

How do I account for airdrops for cryptocurrency tax? Is an airdrop a taxable event? Are airdrops classed as income or capital gains?
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Written by George Benton
Updated over a week ago

How is cryptocurrency staking treated for tax purposes in the UK?

How is staking taxed? Are staking proceeds treated according to income tax or capital gains tax?
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Written by George Benton
Updated over a week ago

How are cryptocurrencies treated for inheritance tax purposes in the UK?

Do you have to pay inheritance tax on cryptocurrencies? Are cryptocurrency gifts potentially exempt transfers?
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Written by George Benton
Updated over a week ago

Can I gift cryptocurrency to my spouse to avoid capital gains tax in the UK?

How can I offset capital gains tax? Can you gift cryptocurrency to a spouse to divide capital gains?
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Written by George Benton
Updated over a week ago
Capital Gains Tax

How do I calculate capital gains on cryptocurrencies in the UK?

How much tax do I owe on cryptocurrency investments? How do I calculate tax owed on bitcoin trades?
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Written by George Benton
Updated over a week ago

What are the allowable costs for cryptocurrencies when calculating capital gains tax?

What can I deduct from disposal proceeds on cryptocurrencies? How much tax do I owe on cryptocurrencies? What are capital gains on bitcoin?
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Written by George Benton
Updated over a week ago

How does HMRC’s pooling rule work for cryptocurrencies?

What is pooling for tax? How do I calculate allowable costs on cryptocurrencies? How is Bitcoin taxed?
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Written by George Benton
Updated over a week ago

How do I report cryptocurrency capital gains to HMRC?

How do I report crypto taxes to HMRC? How do I report cryptocurrency tax in the UK? Who needs to pay cryptocurrency taxes?
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Written by George Benton
Updated over a week ago

What incidental costs does HMRC allow for cryptocurrency taxes?

What can I deduct from cryptocurrency disposals for capital gains tax? How much tax do I owe? How can I offset cryptocurrency tax?
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Written by George Benton
Updated over a week ago

Is the cost of a crypto tax calculator an incidental cost for capital gains tax?

Can you deduct the cost of Recap from taxable gains? Is the cost of working out gains on cryptocurrency investments tax deductible?
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Written by George Benton
Updated over a week ago

What is the bed and breakfasting rule for cryptocurrency taxation?

How are cryptocurrencies taxed in the UK? How does pooling work? How does bed and breakfasting work for Bitcoin?
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Written by George Benton
Updated over a week ago