Find the Best Crypto & Digital Assets Accountants in the UK
HMRC treats cryptocurrency as property for tax purposes, creating capital gains tax obligations on every disposal — including crypto-to-crypto trades, DeFi interactions, staking rewards, airdrops, and NFT transactions. The volume of taxable events can be enormous, and most generic accountants are not equipped to handle the complexity. A crypto-specialist accountant uses blockchain tracking tools to reconstruct transaction histories, applies the correct cost basis methodology (HMRC requires Section 104 pool averaging, not FIFO), identifies allowable losses, handles income tax on mining and staking rewards, and ensures your return withstands HMRC scrutiny as the tax authority increases its focus on digital assets.
Find Crypto & Digital Assets ExpertsRelated Services
Self Assessment
Filing your personal tax return accurately and on time.
Tax Planning
Strategic tax planning to minimise your tax liability legally.
Capital Gains Tax
Expert advice on capital gains tax on property, shares, and business assets.
International Tax
Cross-border tax advice for businesses and individuals with international operations.
Crypto & Digital Assets FAQs
How is cryptocurrency taxed in the UK?
Buying crypto is not taxable, but disposing of it is. Disposals include selling for fiat, swapping one crypto for another, spending crypto on goods or services, and gifting (except to a spouse). Gains are subject to CGT at 10% or 20% (or 18%/24% for residential property tokens). Mining and staking rewards are generally income-taxable.
How do I calculate my crypto cost basis?
HMRC requires the Section 104 pooled average cost method. Each token type has its own pool. When you acquire tokens, their cost is added to the pool; when you dispose, the average cost is used. The 30-day bed-and-breakfasting rule also applies — if you reacquire the same token within 30 days of selling, the cost basis uses the reacquisition price instead.
Can I offset crypto losses against gains?
Yes. Capital losses from cryptocurrency can be offset against gains from crypto or other assets in the same tax year. Unused losses can be carried forward indefinitely. However, you must report the losses to HMRC within four years of the end of the tax year in which they occur.
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