Cryptocurrencies: Capital Gains Tax

(asked on 16th December 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many tax-payers were paying capital gains tax on crypto-assets in each of the last five financial years; what the size of the gains made was; and how much revenue the Exchequer has received from capital gains tax levied on the sale of crypto-assets.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 20th December 2024

Income and gains in relation to cryptoassets are currently reported in the same sections with other incomes and gains on the Self-Assessment return pages, and therefore those amounts are not separately identifiable from the data collected via Self-Assessment.

From the tax year ending 2025, changes will be introduced to the Capital Gains pages of the Self-Assessment forms requiring amounts in respect of cryptoassets to be identified separately.

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