₿ UK Crypto Tax Calculator

CGT rates on crypto (non-property assets): Basic rate taxpayers pay 18% on gains. Higher and additional rate taxpayers pay 24%.

Annual exempt amount: The first £3,000 of gains each tax year is free of CGT (2025/26 and 2024/25).

What counts as a disposal: Selling crypto for cash, swapping one crypto for another, spending crypto on goods/services, and gifting crypto (except to a spouse) are all taxable disposals.

Losses: Capital losses can be offset against gains in the same or future tax years. Report them to HMRC within 4 years.

Do I pay tax on crypto in the UK?

Yes. In the UK, profits from disposing of cryptocurrency are usually subject to Capital Gains Tax, and crypto received from things like mining or staking can be subject to Income Tax. You only pay CGT on gains above your annual exempt amount. Always confirm the current rates and allowances with HMRC.

What is the crypto CGT rate for 2025/26?

For the 2025/26 tax year, basic rate taxpayers pay 18% Capital Gains Tax on crypto gains, while higher and additional rate taxpayers pay 24%. Your rate depends on your total taxable income for the year. The tax-free annual exempt amount is £3,000 of gains.

Is swapping one crypto for another taxable?

Yes. Swapping one cryptocurrency for another counts as a disposal for tax purposes, even though no cash changes hands. Selling for fiat, spending crypto on goods or services, and gifting crypto to anyone other than your spouse are also taxable disposals. Each disposal can create a gain or a loss.

Can I offset crypto losses against my gains?

Yes. Capital losses on crypto can be offset against gains in the same tax year or carried forward to future years to reduce your CGT bill. You generally need to report losses to HMRC within four years to be able to use them. Keeping records of every disposal makes this much easier.