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Posted Tue, 30 Apr 2024 20:32:10 GMT by xsaicx
Do I have to complete self assessment for crypto capital gains tax if gains are below the tax free allowance ?
Posted Thu, 09 May 2024 07:05:12 GMT by HMRC Admin 25 Response
Hi xsaicx,
If the actual disposal was more than £50k then, yes.
Please you here for more guidance:
Report and pay your Capital Gains Tax
Thank you. 
Posted Thu, 12 Dec 2024 07:15:35 GMT by Jigsaw Jay
I was wondering the same thing. I work and my taxes and NI etc come out of my payslip each month. I want to get into crypto and investing as a hobby and to make a bit extra money but I don't know, when or how I would pay taxes etc if and when I start doing doing it.
Posted Wed, 18 Dec 2024 15:23:20 GMT by HMRC Admin 18 Response
Hi,
Capital gains tax arises when an asset is disposed of for more than it was acquired for.  You have to work out if there is a gain or a loss when disposing of assets, such as crypto currency.  Have a look at:
Capital Gains Tax
which includes a section on shares and investments.  You can report capital gains using the realtime transaction service, or in a self assessment tax return.
Thank you.

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