New figures published by HMRC show 240 people declared more than £1m in capital gains from cryptoassets in the 2024/25 tax year.
And, these people reported a total of £717m in cryptoasset gains
This data is published as part of HMRC’s annual Capital Gains Tax statistics. It is the first time HMRC has published this specific data, following the introduction of a dedicated part of the Self Assessment return for cryptoasset capital gains.
In the 2024/25 tax year, there were 17,600 individuals making Capital Gains Tax-liable disposals of cryptoassets such as Bitcoin, Ethereum and Dogecoin. Collectively, these taxpayers reported total cryptoasset disposal proceeds of £13.8 billion and gains of £1.38 billion. That is an average gain of £78,000 per individual.
The data also shows that around 87% of individuals reporting cryptoasset gains were male and around 13% were female.
James Murray MP, Financial Secretary to the Treasury and Paymaster General, said: “Taxes are due on cryptoasset gains just like any other gains, and we want to make sure people making gains from crypto know about what taxes they owe.”
