Recap Home
HMRC Cryptoassets Manual
US Tax Guide
SA Tax Guide
Search
⌃
K
Links
Cryptocurrency Tax Guide for UK Individuals
CRYPTOCURRENCY TAX
Do I Need to Pay Tax on my Cryptoassets?
Which Taxes Apply?
How Much Tax Will I Pay?
New HMRC DeFi Guidance
Overview of HMRC guidance
1⃣
Is the Reward Income or Capital?
2⃣
Is Beneficial Ownership (BO) transferred?
3⃣
Consider the Tax Treatment
Staker/Lender/Collateral Provider
Income Rewards
Capital Rewards
BO transferred
BO not transferred
➡
At Point of Entry
⬅
At Point of Exit
💧
On Liquidation
💎
On Receipt of Capital Reward
Example 1D
Example 2D
Borrower
Investor or Trader?
Capital Gains Tax
Income Tax
Fair Market Valuation
TRANSACTION TYPES
💷
Selling Crypto for Fiat
🔄
Trading Crypto to Crypto
🛍
Purchases using Crypto
🎁
Gifts
💍
Spouse Transfers
🎗
Gifts to Charity, CASCs & Bodies for a National Purpose
🎈
Airdrops
🤝
Staking
💸
Transfers
🍴
Forks
⛏
Mining
👛
Employment income
🚨
Lost & Stolen Crypto
🎲
Gambling
💧
Liquidity Pools
⬆
Token Upgrades/Swaps
🔮
Cryptoasset derivatives (CFDs, Futures and Margin Trading)
💼
Crypto Loans
🔄
REPOS
🪞
Reflections Rewards
👥
Referral Income
💳
Cashback
🎨
NFTs (Non Fungible Tokens)
🎮
NFTs earned playing games
Record Keeping
Filing Your Self-Assessment
Powered By
GitBook
Example 1D
Tax position for staker where CAPITAL REWARDS received and there is NO transfer of beneficial ownership
Staking with capital reward
See our other staking examples to show the different tax positions of this same scenario:
Example 1A
- income reward - transfer of beneficial ownership