Crypto Tax UK — How Bitcoin & Crypto Are Taxed

How Is Cryptocurrency Taxed?

In the UK, cryptocurrency is subject to Capital Gains Tax (CGT) when you sell, swap, or spend it. HMRC treats crypto as property, not currency.

When Do You Pay Tax?

• Selling crypto for GBP — CGT on the gain
• Swapping one crypto for another — CGT on the gain at point of swap
• Spending crypto — CGT on the gain since you acquired it
• Receiving crypto as income — Income Tax (mining, staking rewards, airdrops, salary)

Rates

Same as other capital gains: 10% (basic rate) or 20% (higher rate). Annual exemption of £3,000 applies. Use our Capital Gains Tax Calculator to estimate your liability.