United Kingdom Cryptocurrency Tax
Detailed cryptocurrency tax rates and rules for United Kingdom in 2026.
HMRC treats cryptocurrency as a form of property for tax purposes. Disposing of crypto assets (including selling, exchanging for another cryptocurrency, or using crypto to pay for goods and services) may give rise to a capital gains tax liability. The same CGT rates apply as for other assets: 10% for basic rate taxpayers and 20% for higher and additional rate taxpayers. The annual exempt amount can be used against crypto gains. Mining and staking rewards may be treated as income and subject to income tax and National Insurance contributions.
Crypto Tax Status
Taxed
Treatment
Capital Gains Tax
Additional Notes
HMRC has published detailed guidance on the taxation of cryptoassets. DeFi lending and staking activities may be treated as income or capital depending on the nature of the activity. Airdrops received in return for a service are treated as income. Individuals must keep detailed records of all crypto transactions for tax reporting purposes.
How United Kingdom Crypto Tax compares
United Kingdom taxes cryptocurrency gains. 68 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
