Cryptoassets (which might also be referred to as 'tokens' or 'cryptocurrency') are cryptographically secured digital representations of value or contractual rights1.
This article discusses the location (situs) of cryptoassets for income tax purposes. For a summary of the UK tax treatment of various cryptoasset transactions, see C6.105.
For the situs of cryptoassets for capital gains tax (CGT) and inheritance tax, see C6.121 and C6.122 respectively.
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.
Employment income
If an individual receives cryptoassets as employment income (see C6.116), then income tax will be chargeable according to normal rules for deeming the location of employment and performance of duties.
Chargeable overseas earnings and overseas workday relief
Where an individual
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Web page updated on 17 Mar 2025 17:08