Individuals will mainly pay Capital Gains Tax on their cryptocurrency. CGT on crypto’s works the same as any other asset or stock; it is the difference in value from when you first bought the crypto to when you sold it. There are exceptions, such as mining and stacking or getting paid in cryptos, where the individual will pay Income Tax instead of CGT.

All cryptos are taxed within the same limits and bands as fiat currency and must be declared by submitting a self-assessment tax return.

Our experts can help you calculate your crypto tax totals, ensure you declare everything you need on time to HMRC, and pay the right amount of tax for your cryptocurrencies.