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 be subject to capital gains tax (CGT) on the disposal 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 income tax on the acquisition of cryptoassets where they are not trading, see C6.115–C6.116.
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.
Capital gains tax on disposals of cryptoassets
Unless the individual is trading in cryptoassets (see C6.105), the buying and selling of cryptoassets is an investment activity subject to CGT. It is the beneficial owner of the cryptoasset that is liable to CGT on the disposal. See C6.121 for details of how to determine the beneficial owner.
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Web page updated on 17 Mar 2025 13:28