Policy paper
Tax treatment of stablecoins
This measure will treat eligible stablecoins more like money for tax purposes.
Documents
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Details
For individuals and trustees, disposals of eligible stablecoins will be exempt from Capital Gains Tax. In addition certain interest-like returns from eligible stablecoins will be treated as savings income.
For companies, the tax treatment of particular transactions involving eligible stablecoins will be based on amounts recognised in their accounts.
Updates to this page
Published 13 July 2026