Crypto Tax Calculator UK

How Cryptocurrency is Taxed in the UK

In the United Kingdom, cryptocurrencies like Bitcoin, Ethereum, and other digital tokens are treated as property by HMRC. This means that capital gains tax (CGT) applies when you sell, trade, gift, or spend your crypto holdings.

If your gains exceed the annual CGT allowance (£6,000 for the 2024–25 tax year), you’ll need to pay tax on the surplus. The CGT rate is 10% for basic-rate taxpayers and 20% for higher-rate taxpayers.

What This Calculator Does

• Estimates your gain from buying and selling cryptocurrency
• Applies the CGT allowance automatically
• Calculates your tax payable based on your income bracket
• Shows your profit after tax deduction

UK Capital Gains Tax Rates on Crypto

• Annual Allowance: £6,000
• Basic Rate: 10%
• Higher Rate: 20% if income exceeds £50,270

You must report your crypto gains through a Self Assessment tax return using the SA108 form. Make sure to keep records of every transaction, including exchange rates, transaction IDs, wallet addresses, and transfer dates.

Disclaimer

This tool is an educational estimator and does not account for losses, transaction fees, or other tax adjustments. For precise calculation, consult with a certified UK tax professional.