Tax return of non-reporting offshore cryptocurrency related ETF distribution

Hi HMRC, For non-reporting offshore ETFs, it is understood that the type of income from distributions generally depends on its asset class, e.g. bond --> interest, equity --> dividend. Please correct me if I'm mistaken. In this regard, for a non-reporting offshore ETF trading cryptocurrencies, should the distributions be filed under "interest", "dividend" or "miscellaneous" during tax return? Thank you. Regards, CF

Hi,
Equities are tax under dividend tax and capital gains tax. Bonds are taxable under income tax and capital gains tax and commodities are only taxable as capital gains tax. Income from crypto currency would be taxable in the same was as bonds and charged to tax as income.
Check if you need to pay tax when you receive cryptoassets
Thank you

Hi, thank you for your reply. May I follow up with the question if "distribution" from a "non-reporting offshore ETF" that invest in "cryptocurrency futures" is also taxable in the same way as bonds, i.e. as interest income, or should be taxed under miscellaneous income? Much appreciated if you can shed some light on this issue.

Hi,
This sounds more like commodities so would be liable to capital gains tax.
Thank you.