Crypto tax in United Kingdom
Rules verified in September 2026.
Short term
18–24%
Long term
18–24%
Holding period
By income bracket
Annual allowance
Annual exemption £3,000 (≈€3,500)
Legislation
TCGA 1992 / HMRC (Autumn Budget 2024)
In short
HMRC treats crypto as capital assets. After the Autumn Budget of Oct 2024, rates rose: 18% for basic-rate taxpayers and 24% for higher-rate taxpayers. Annual exemption of £3,000 (Annual Exempt Amount 2024/25). No time distinction.
Key points
- 18% for basic-rate taxpayers (was 10% until Oct 2024)
- 24% for higher-rate taxpayers (was 20% until Oct 2024)
- Annual exemption of £3,000
- Section 104 pooling rules (average cost)
- Declare via Self Assessment
Calculate on your own history
The rate is only half the problem. To file, you need to match each disposal to the right acquisition under FIFO, convert to your currency at the date of each transaction, and separate short-term from long-term. ChainFolioAI does this from your transactions — connect wallets read-only or import a CSV from your exchange — and exports to PDF or Excel.
Other countries
⚠️ General information, not tax advice. Rules change and your situation may have specifics (residency, professional activity, staking, mining). Confirm with an accountant or your tax authority before filing.