17/06/2026
If you have invested in, traded, or received cryptocurrency in the last tax year, you may have a tax obligation, and HMRC now has the tools to know about it.
HMRC receives data directly from UK crypto exchanges. Undeclared gains are increasingly being identified and investigated.
Here is what triggers a UK tax liability:
Capital Gains Tax:
✔ Selling crypto for a profit
✔ Swapping one coin for another
✔ Using crypto to buy goods or services
Income Tax:
✔ Receiving crypto as payment for work
✔ Mining or staking rewards
✔ Certain airdrops
Inheritance Tax also applies, crypto is treated similarly to property for estate planning purposes.
At Gluck Accountants, we help crypto investors understand their obligations, calculate their gains accurately, and report correctly to HMRC.
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