UK Crypto Taxpayers Report £1.38B in Gains for 2024-25

UK taxpayers reported £1.38 billion in capital gains from cryptocurrency disposals during the 2024-25 tax year, with a small group of 240 investors each declaring gains exceeding £1 million, according to the first dedicated dataset on the subject from HM Revenue and Customs. The figures, published on August 27, 2026, reveal the scale of crypto wealth accumulation and come as the tax authority ramps up compliance efforts ahead of new international reporting rules.

A total of 17,600 individuals reported taxable crypto disposals to HMRC for the tax year running from April 6, 2024, to April 5, 2025. These taxpayers declared disposal proceeds of £13.8 billion, resulting in the £1.38 billion in recognised gains. The average gain per person was approximately £78,000. The data shows a significant concentration of wealth, with the 240 top earners accounting for £717 million of the total, representing over half of all reported gains.

The statistics were made possible by a change in reporting requirements. The 2024-25 tax year was the first in which HMRC's Self Assessment forms included a separate section for reporting crypto capital gains, allowing for a clearer breakdown. Previously,...