UK Tax Authority Publishes Crypto Capital Gains Figures: 240 Taxpayers Topped £1 Million in 2024–2025
AI Market Summary
UK HMRC data shows 17,600 individuals reported taxable crypto disposals in 2024–2025, with £1.38B in total capital gains and 240 taxpayers exceeding £1M each. The disclosure reflects improved reporting after the UK added a dedicated crypto section to self-assessment forms. Near-term, the main market relevance is heightened visibility of taxable activity and potential reinforcement of compliance-focused narratives rather than a direct demand or liquidity shock.
Impact level
● Low
Affected assets
BTC/USDT+2.26%
AI Insight · BTC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
HM Revenue & Customs data cited by CoinDesk shows that during the 2024–2025 tax year, 17,600 individuals reported taxable disposals of crypto assets. Total capital gains reached £1.38 billion, implying an average of about £78,000 per filer. Within that group, 240 individuals each declared more than £1 million in crypto-related capital gains, together accounting for £717 million. The disclosure is the first to break out these figures separately since the UK's self-assessment tax return added a dedicated crypto-asset section.
