UK2026-08-30 22:48:13UK's First Crypto Tax Report: 240 Individuals Declare £717M in Capital GainsThe UK's first official statistics on taxable crypto asset gains show 240 individuals each declared more than £1 million in capital gains for the 2024-25 tax year. Combined, those declarations reached £717 million, accounting for more than half of the £1.38 billion total taxable gains reported by 17,600 people. HMRC said filers reported £13.8 billion in proceeds from crypto disposals, with average taxable gains around £78,000 per person. Men made up 87% of filers, women 13%. Selling tokens, exchanging them, spending them, or gifting assets can all trigger tax obligations. Over the past 12 months, HMRC sent 81,000 crypto tax letters, up 25% from roughly 65,000; the figure for 2023-24 stood at 27,714. Treasury minister James Murray noted that crypto gains are taxed like any other gains. From April 6, 2027, the UK plans to defer capital gains tax on certain DeFi lending and liquidity pool transactions until an economic disposal occurs, affecting roughly 700,000 people. HMRC estimates its compliance and education campaigns brought in an extra £168 million in capital gains tax in 2024-25.950
UK2026-08-28 11:10:53240 UK Crypto Taxpayers Declared £717M, More Than Half of All Crypto GainsHM Revenue & Customs has published crypto-asset capital gains figures for the 2024-25 tax year, showing a small group dominated the total. Two hundred and forty individuals each reported gains exceeding £1 million on crypto assets, together declaring £717 million – more than half of all reported crypto gains. Across the entire country, 17,600 taxpayers declared crypto gains totaling £1.38 billion, with disposal proceeds of £13.8 billion. 65% of filers reported gains below £25,000, yet they accounted for only 7% of the overall gains and 8% of disposal proceeds. Among filers, 54% are aged 25-44, 81% are 54 or younger, and men make up 87% of filers while contributing 93% of gains. The UK is moving forward with the OECD crypto-asset reporting framework; service providers must pass customer details to tax authorities, and HMRC will begin receiving data in 2027. Providers that fail to comply face fines of up to £300 per user. Treasury financial secretary James Murray said crypto gains are taxable just like other gains. The Treasury also plans to defer capital gains tax on DeFi lending and liquidity pool deposits until the assets are disposed of. For the 2025-26 tax year, gains above the allowance must be reported by January 31, 2027, according to Decrypt.980
UK tax2026-08-28 11:11:53UK HMRC: 240 People Reported Over £1m Crypto Gains Each in 2024/25 Tax YearBritain's tax authority, HMRC, has published new data on crypto asset capital gains for the 2024/25 tax year. A total of 240 individuals each reported gains exceeding £1 million, for a combined £717 million — more than half of the £1.38 billion declared by all 17,600 filers. Those filers also recorded £13.8 billion in disposal proceeds. The distribution was highly unequal: 65% of taxpayers had gains below £25,000, but they accounted for just 7% of total gains and 8% of proceeds. The profile of crypto taxpayers skews young and male: 54% were aged 25 to 44, 81% were 54 or under, and men made up 87% of filers while contributing 93% of gains. On compliance, the UK is moving toward the OECD Crypto-Asset Reporting Framework, under which trading service providers must share client data with HMRC from 2027, and non-compliant providers face fines of up to £300 per user. Financial Secretary James Murray stressed that crypto gains are taxable like any other capital gain. Separately, the Treasury plans to defer capital gains tax on DeFi lending and liquidity pool deposits until the underlying assets are actually sold. Gains above the allowance for the 2025/26 tax year must be reported by 31 January 2027.960
UK2026-08-28 01:18:48UK tax authority says 240 people reported more than £1 million each in crypto gains last fiscal yearUK tax authority data shows that 17,600 people reported gains from crypto assets in the 2024-2025 fiscal year, with total declared gains reaching $1.9 billion. Within that group, 240 individuals each reported more than £1 million, or about $1.4 million, in capital gains, for a combined total of about $975 million. James Murray, Exchequer Secretary to the Treasury, said gains from crypto assets should be taxed in the same way as other income. Under the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, the UK plans to require crypto-asset service providers to report relevant data. The tax authority had previously sent notices to more than 81,000 people suspected of owing tax.420
UK2026-08-27 15:56:00UK tax data shows 240 people reported more than £1 million in crypto gainsUK tax data for the 2024 to 2025 tax year shows that 240 people reported capital gains of more than 1 million British pounds each from digital assets, according to figures released by HM Revenue and Customs. Their combined crypto-linked capital gains came to about $975 million. Across the same period, 17,600 people reported digital asset gains totaling $1.9 billion, while total crypto-related asset disposals from sales or trades reached $18.7 billion. The release adds to the UK’s wider push to tighten crypto tax reporting. Financial Secretary to the Treasury and Paymaster General James Murray said gains on cryptoassets are taxable in the same way as other gains and that the government wants people profiting from crypto to understand what they owe. The UK is also moving under the OECD Crypto-Asset Reporting Framework, which will require crypto asset service providers to submit data on users’ gains and losses that may not otherwise have been declared. The figures followed reports that the tax authority had sent more than 81,000 letters to people suspected of underpaying taxes, including crypto investors.450
UK2026-08-27 15:36:25U.K. tax office breaks out crypto gains data for the first timeThe U.K. tax authority has, for the first time, separately disclosed capital gains figures tied to crypto holdings. The data shows that 17,600 people reported a combined $1.87 billion in profits during the 2024-2025 tax year, according to CoinDesk. Within that total, 240 U.K. taxpayers each made more than $1.3 million from their crypto holdings. The figures mark the first standalone release of crypto capital gains data by the country’s tax office and offer a clearer picture of how much taxable profit was reported from digital asset investments over the period.370
South Korea2026-08-04 12:53:24South Korea Confirms 22% Crypto Investment Tax From Jan. 2027South Korea's Ministry of Economy and Finance has finalized its 2026 tax revision plan, confirming that the long-planned cryptocurrency investment income tax will take effect on Jan. 1, 2027, with no further postponement. Under the finalized scheme, annual gains exceeding KRW 2.5 million (around $1,740) will be taxed at 22%, and the first tax filing is set for May 2028. The ministry also pointed to the OECD's Crypto-Asset Reporting Framework (CARF), which it said will allow South Korea to receive overseas transaction data from 48 participating jurisdictions starting in 2027, including Japan, Germany and France. While the government has made its timetable clear, the measure could still be revised or delayed by the National Assembly. Opposition lawmakers, meanwhile, continue to push for scrapping the crypto tax altogether. Techub News first reported the development, citing crypto.news.700
crypto taxes2026-07-22 23:15:14Seven Legal Ways US Crypto Investors May Reduce Taxes on SalesCryptoComLearn outlines seven US-focused strategies that may reduce tax on crypto sales, from long-term holding and tax-loss harvesting to gifting, donations, retirement accounts, loans, and relocation.1810
