UK Crypto Investors Reveal £717 Million in Gains Amid HMRC Compliance Push

HMRC released its first official statistics on taxable cryptoasset gains in the UK. According to the data, 240 individuals reported more than £1 million each in cryptoasset capital gains during the 2024-25 tax year, declaring a total of £717 million in gains.

The figures show that these high-value gains account for only a small fraction of the 17,600 individuals who made Capital Gains Tax-liable cryptoasset disposals in the same period. The average reported gain per individual was £78,000, with total taxable capital gains reaching £1.38 billion.

HMRC's release also highlighted the importance of compliance and education efforts in generating additional revenue from cryptoactivity. The tax authority estimates that its cryptoasset compliance activity generated an additional £168 million of Capital Gains Tax in 2024-25.