HMRC is cracking down on crypto in 2025. Learn the UK crypto tax rules for 2025/26, including capital gains, income tax, and allowances.
Intro
Crypto tax in the UK isn’t optional anymore. HMRC has made it clear: they’re monitoring crypto activity more closely than ever. Here’s the complete guide for 2025/26 so you don’t get caught out.
How Crypto Is Taxed in the UK
- Crypto is treated as property, not currency.
- Capital Gains Tax (CGT) applies whenever you:
- Sell crypto
- Swap one coin for another
- Spend crypto on goods/services
Key Allowances & Rates
- CGT allowance for 2025/26: £3,000
- Above that:
- 10% if you’re in the basic rate band
- 20% if you’re in higher/additional rate band
Income Tax on Crypto
Some activities aren’t CGT but income tax, including:
- Staking
- Mining
- Airdrops
These are taxed at your marginal income rate.
HMRC Enforcement in 2025
- Data-sharing with major exchanges
- Direct letters sent to taxpayers
- More audits and penalties
Final Thoughts
Crypto tax doesn’t have to be a nightmare.
👉 At TaxAnon, we turn your messy CSVs and wallet records into clean, HMRC-ready reports in 48 hours.