This paper sets out HMRC’s view of the appropriate tax treatment of cryptoassets, based on the law as it stands on the date of publication.
HMRC has also published guidance for people who hold cryptoassets (or cryptocurrency as they are also known), explaining what taxes they may need to pay, and what records they need to keep.
HMRC will publish further information about the tax treatment of cryptoasset transactions involving businesses and companies.
The tax policy may evolve as the sector develops.
You should check if you need to pay tax when you: