Can I file my £2,000 gain under my personal allowance, rather than as capital gains tax?

Hi, I have gained £2,000 of profit from selling cryptocurrencies in the 2022-2023 tax year. This is the only source of income I have received within the whole tax year. Therefore, I still have my full personal allowance of £12,570 available to use. Is it possible to file this £2,000 gain under income tax using my personal allowance, rather than capital gains tax? Thank you for your help,

Hi kev269,
In most cases, an individual buying and selling cryptocurrency falls under the realms of Capital Gains Tax.
Some individual's may do so as a business (sole trader) and any profits are taxable under Income Tax and NIC, while most would do so as an individual under Capital Gains Tax.
You would need to contact HMRC on 0300 200 3310, to discuss your circumstances with a technical advisor, if you felt that you were buying and selling as a sole trader.
Thank you.