Cryptoassets (which might also be referred to as 'tokens' or 'cryptocurrency') are cryptographically secured digital representations of value or contractual rights1.
This article discusses when an individual might suffer an income tax charge on receipt of cryptoassets in a situation where they are not trading in cryptoassets. To decide whether the individual is trading, see C6.105. For details of situations in which the individual might be subject to capital gains tax on disposal of cryptoassets, see C6.117.
For the definition of cryptoassets and cryptoasset transactions, see C6.103–C6.104. For a glossary of key terms associated with cryptoassets, see C6.102.
When income tax treatment might apply
The tax treatment
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Web page updated on 17 Mar 2025 17:04