HMRC Reveals UK Crypto Taxable Gains Top £1.38 Billion

The UK's tax authority, HMRC, has revealed that £1.38 billion in taxable gains were reported from cryptocurrency disposals by individuals during the 2024 to 2025 tax year.

A total of 17,600 individuals made Capital Gains Tax-liable cryptoasset disposals, with £13.8 billion in disposal proceeds. This translates to a taxable gain of £1.38 billion, according to HMRC's first official statistics on the matter.

The figures also show that 240 people reported more than £1 million in gains, accounting for £717 million of the total taxable gains. The highest-gain cohort was relatively small compared to the overall number of individuals declaring cryptoasset gains.

HMRC has introduced a dedicated cryptoasset capital-gains section in the Self Assessment return, which preceded the 2027 provider data. This new reporting channel has created a specific reporting channel for cryptoasset gains within Self Assessment.