Cryptoassets: Capital Gains Tax
The question
To ask the Chancellor of the Exchequer, how many tax-payers were paying capital gains tax on crypto-assets in each of the last five financial years; what the size of the gains made was; and how much revenue the Exchequer has received from capital gains tax levied on the sale of crypto-assets.
Answered by James Murray
Income and gains in relation to cryptoassets are currently reported in the same sections with other incomes and gains on the Self-Assessment return pages, and therefore those amounts are not separately identifiable from the data collected via Self-Assessment.
From the tax year ending 2025, changes will be introduced to the Capital Gains pages of the Self-Assessment forms requiring amounts in respect of cryptoassets to be identified separately.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →