Crypto Tax
We are crypto tax specialists in the UK and crypto accounting experts, and can support you with understanding your crypto tax obligations.
Demystifying your Crypto Tax journey.
How is Crypto taxed in the UK? Do I need to pay tax on my Crypto? When do I need to pay tax on my Crypto?
We can help you answer all of these Crypto Tax questions, and more. We know crypto tax and can be your comprehensive and expert tax guide at all levels of complexity – from cryptocurrencies and NFTs, to trading and DeFi.
Whether you invest or trade in crypto coins, tokens or NFTs, and no matter your level of crypto activity or complexity, we understand crypto accounting and crypto tax and can help you.
“I filed my cryptocurrency taxes for the first time, which can be a daunting task, but thanks to Charlton Baker I feel confident it's accurate. Scott is on top of the game and has been extremely helpful. Now I have peace of mind."
Riccardo C, Crypto Investor
Understanding what's at stake.
We can help you to understand what taxes apply to each activity, such as:
- Buying, selling and exchanging
- Lending and borrowing
- Staking rewards
- Reflections
- Wrapping rewards
- Yield farming
- Airdrops
- Forks
- Mining activities
- P2E rewards
- Sacrifices
In the fast-paced and rapidly evolving cryptoassets space, everyone is asking the same question “Do I need to pay tax on my cryptocurrency profits?” HM Revenue & Customs (HMRC) has quite straightforwardly advised that it considers crypto to be a type of property, like stocks and shares, gold or antiques.
Nothing is straightforward in the world of crypto however. In the UK, HMRC guidance means you are expected to pay tax on your profits from crypto activity. The type of tax you pay, will depend on how you trade your crypto, and the type of gains, profits or rewards received (see our series of articles ‘The Chain of Crypto Taxes’ for specific guidance).
We've also written several Crypto blogs:
Navigating Cryptocurrency in Estate Planning
Disclosing historic cryptoasset tax liabilities
What are the tax implications for Airdrops?
Please check our News and Resources section for a full list of our helpful and insightful Crypto blogs.
We can also advise you on your record-keeping requirements for each transaction type.
We know Crypto Tax. Call us on 01380 723692 or email us for a free no obligation chat.
News & Resources
Tax when transferring assets during divorce proceedings
Using the Non-resident Landlord Scheme
Jointly owned property – no partnership
UK Banking and Their Attitude Towards Crypto
Understanding Money Laundering Regulations
Self-employed must report profits on tax year basis
What are the tax implications for Airdrops?
Designating a property as your main residence
Charlton Baker.
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