Practical, no-nonsense guides to how HMRC taxes crypto — from exchange trades to liquidity pools, airdrops, and bridges. Written by people who actually use these tools.
A rugged token still in your wallet may be worth a capital loss. How negligible value claims work under s.24 TCGA 1992, what qualifies, and the backdating trap.
The HMRC rules, thresholds, and forms every UK investor needs to understand first.
UK crypto tax deadlines: 31 Oct paper, 31 Jan online. Late penalties start at £100 then £10/day. What you owe HMRC and how to file in time.
UK crypto tax rates explained: 18%/24% CGT, the £3,000 allowance, income tax on staking, and the £50,000 reporting threshold, with worked examples.
HMRC receives transaction-level crypto data under CARF, with collection live from 2026. What exchanges report, when, and how to make your return match.
How to use HMRC's Cryptoasset Disclosure Service: the 90-day process, penalty bands, how many years to disclose, and getting your figures right.
Penalties for not declaring crypto: up to 100% of tax, a 20-year investigation window, and why CARF makes detection near-certain from 2026. How to fix it.
Most crypto tax calculators default to FIFO, but UK CGT needs Section 104 pooling. Why that mis-states your gain, and what a UK calculator must do differently.
Crypto capital gains never enter payments on account — but staking and DeFi income does. The £1,000 trigger, the January 150% shock, and the 31 July deadline.
£3,000 AEA resets on 6 April. The HMRC-correct year-end playbook: realising losses, the 30-day B&B trap, same-day consolidation, and what SA108 expects.
The 2025/26 tax year is the first clean 18%/24% CGT year — no split-year, no Box 51. Here's what to file, when, and how to do it right.
2024/25 adds crypto boxes to SA108 and split-year CGT rates. See every box, worked examples, and the Box 51 adjustment too.
Sold, swapped, staked or earned crypto? HMRC may require a Self Assessment — here are the exact triggers, DeFi thresholds, and the deadline you cannot miss.
Sell and rebuy crypto within 30 days? HMRC's same-day & Bed & Breakfast rules override your Section 104 pool — and can wipe the loss you wanted to harvest.
From 2026, around 50 UK platforms report crypto data to HMRC under CARF. Learn what they report, why DeFi is the gap, and what to do now.
Yes — crypto losses are tax deductible in the UK, but HMRC won't apply them automatically. Learn how to claim, carry forward and avoid the 30-day B&B trap.
HMRC pools your crypto at Section 104 average cost — not FIFO like Coinbase. Worked ETH example, same-day & B&B rules, and the trap that makes you overpay CGT.
Your 2024/25 return needs SA108 boxes 13.1–13.8, the 30 Oct 18%/24% CGT split, and the £3,000 exemption — get one wrong and you overpay or face an HMRC check.
Received an HMRC crypto nudge letter? You have 60 days to respond — how to reconcile your gains, what HMRC already knows, and how to reply without overpaying.
Filing when you trade on Coinbase, Binance, Kraken, eToro, and more — and why exchange reports don’t satisfy HMRC.
Does eToro report to HMRC? Yes — under CARF from 2026. Why eToro’s real-crypto vs CFD split changes your tax, and how USD statements hide GBP gains.
Does Uphold report to HMRC? Yes — under CARF from 2026. Why Uphold’s anything-to-anything trades create disposals most XRP holders miss, and how Section 104 applies.
Does Gemini report to HMRC? Yes — under CARF from 2026. Why converting to USDC or GUSD is a taxable disposal, and how Section 104 pools your Gemini trades.
Does Revolut share your crypto data with HMRC? What CARF changes from 2026, your CGT and income obligations, and how to get a filing-ready report.
Does Crypto.com report to HMRC? Under CARF, yes from 2026. Why its CSV is not enough for Section 104 pooling, and how staking & card rewards are taxed in the UK.
Kraken's Ledgers CSV is the right export, but XXBT, refids, .S staking suffixes and margin trades trip up most tools. Here's the HMRC-correct treatment.
Binance CSVs and FIFO reports don't fit HMRC rules. Learn the right Section 104 treatment for trades, staking, fees and multiple exchanges.
HMRC pools tokens across exchanges and DeFi, but the tax records look very different. Learn the key UK crypto tax differences and risks.
Does Coinbase report to HMRC? Yes — under CARF from 2026. Why Coinbase's FIFO tax report fails Section 104 pooling, and how USDC rewards are taxed.
LPs, bridges, staking, airdrops, NFTs — the cases where most crypto tax tools quietly fail.
HMRC's planned NGNL DeFi regime changes lending, borrowing and LP tax. What the consultation covers, what it excludes, and what to do now.
Most tools log airdrops as zero-cost tokens — overstating your gain when you sell. Here's how HMRC actually taxes crypto airdrops, and why the cost basis matters.
Staking rewards are income, swaps are capital gains, and Aave deposits are different again. Learn the UK tax treatment before you file.
NFT taxes in the UK aren't intuitive. Buying with crypto is a disposal, selling is a disposal of the NFT, minting is an acquisition. Worked examples for HMRC.
Every token-to-token swap is a CGT disposal, even without fiat. Learn how HMRC taxes DEX swaps, routing and stablecoin trades.
Most Aave actions are not disposals, but wrong sorting can create tax you do not owe. Learn HMRC treatment for supply, borrow, repay and interest.
Curve rewards are income, not capital gains. Learn how HMRC taxes CRV claims, stablecoin swaps, LP deposits, veCRV locks and admin fees.
Is wrapping ETH to WETH taxable? What about stETH to wstETH or rETH? Learn when HMRC sees a representation change or a token swap.
Bridging crypto is usually not a taxable disposal under HMRC rules — cost basis carries across chains. Learn when it counts and why some tools overstate gains.
Staking rewards are usually miscellaneous income, not capital gains. Learn how HMRC treats Lido rebases, Rocket Pool rETH and Aave.
Uniswap tax in the UK is more than swap fees. HMRC treats LP add, remove, and fee accrual as separate taxable events. Plain-English guide with worked examples.
Import your exchange trades or paste any transaction hash to see how ChainTax classifies it — free, no account needed.