{"id":13961,"date":"2022-02-08T16:38:28","date_gmt":"2022-02-08T16:38:28","guid":{"rendered":"https:\/\/taxfix.com\/en-uk\/?p=13961"},"modified":"2025-09-11T15:20:37","modified_gmt":"2025-09-11T14:20:37","slug":"is-crypto-subject-to-income-tax","status":"publish","type":"post","link":"https:\/\/taxfix.com\/en-uk\/blog\/is-crypto-subject-to-income-tax\/","title":{"rendered":"Is crypto subject to Income Tax?"},"content":{"rendered":"\n<p>So, when is crypto subject to <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/income-tax\/\">Income Tax<\/a>? If you\u2019ve been reading about crypto and the tax implications that come with it, then you might be familiar with <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/capital-gains-tax-cgt\/\">Capital Gains Tax<\/a>.<strong> <\/strong>But, depending on the situation, you might also have to pay Income Tax on your crypto earnings.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-container\"><iframe loading=\"lazy\" title=\"Tax in 10(ish) seconds - how does cryptocurrency work?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/oZe9mWL1gqE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is Capital Gains Tax again?<\/strong><\/h2>\n\n\n\n<p>Capital Gains Tax is tax on profit that you make over \u00a33,000 by selling assets. Assets can be anything from rental properties to shares, and in this case, also cryptocurrency. <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/cryptocurrency\/\">Cryptocurrency<\/a> in the UK is considered a capital asset and not an actual currency such as GBP.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>So do you pay tax on all your gains?<\/strong><\/h2>\n\n\n\n<p>Not quite. You only pay tax on gains after \u00a33,000 in profit during a tax year. This means that if you do not make profits over this amount, you won\u2019t need to pay any Capital Gains Tax. This is called the <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/capital-gains-tax-allowance\/\">Capital Gains Tax allowance<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How do I calculate how much I would pay in Capital Gains Tax?<\/strong><\/h2>\n\n\n\n<p>The amount of Capital Gains Tax you would pay differs, depending on the asset you\u2019re selling and making a profit from. The below table highlights some of the most popular assets and their current tax rates.<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-highlight-mini m-neutral m-align-left\">\n    <div class=\"b-block-body\">\n        <p><b>Capital gains tax<\/b><span style=\"font-weight: 400;\"> rates in the 2025\/26 tax year. It\u2019s paid on profits over the \u00a33,000 CGT allowance \ud83d\udc47<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Type of asset<\/b><\/td>\n<td><b>Basic rate<\/b><\/td>\n<td><b>Higher rate<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Shares<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Residential property<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Bitcoin\/cryptocurrency<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Other<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n    <\/div>\n<\/div> <!-- .b-highlight-mini -->\n\n<div class=\"c-body\">\n\n\n\n\n\n<p>Don\u2019t worry, we\u2019re not going to make you dig up those maths skills you\u2019ve worked so hard to bury and avoid. Instead, you can use our calculator. Input all the information required that applies to you and work out how much CGT you should pay.<\/p>\n\n\n<div data-react=\"tooltip-provider\"><\/div>\n\n    <div class=\"c-block-calculator\">\n\n    <div class=\"c-block-calculator__container\">\n\n\n    <div data-react=\"capital-gains-calculator\" data-options='{\n        \"title\": \"\",\n        \"type\": \"\",\n        \"lead\": \"\"\n    }'>\n        <!-- Default calc code -->\n\n       <div class=\"sc-giYgFv fzUHXQ\"><div class=\"sc-ezbkgU bcxCiI\"><div class=\"sc-bYoCmx RakSM\"><div width=\"100%\" aria-expanded=\"false\" class=\"DropdownSelect__Container-sc-1iiysit-0 evEFoA\"><button width=\"100%\" class=\"DropdownSelect__LabelContainer-sc-1iiysit-1 egNJwI\"><span class=\"DropdownSelect__Label-sc-1iiysit-2 loOBxi\">Tax year 2024\/25<\/span> <span class=\"DropdownSelect__Arrow-sc-1iiysit-3 hcHQYJ\">\u25bc<\/span><\/button><\/div><\/div><\/div><div class=\"sc-dPiKHq jvrqXK\"><div class=\"sc-bBHHQT eyRCSV\"><h3 class=\"sc-khQdMy idLFkV\">Your situation<\/h3><img decoding=\"async\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMzQiIGhlaWdodD0iNzYiIHZpZXdCb3g9IjAgMCAzNCA3NiIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj48cGF0aCBkPSJNMzIuMjUgMzQuOTMzNVYxLjg0OTYxSDIwLjE0OTlDMTcuNzQ5OSA5LjA0OTYxIDExLjA1IDEzLjY0OTYgMS43NSAxNC4xNDk2VjI2Ljk0OTZDNy45NSAyNi45NDk2IDEzLjg0OTkgMjUuMDQ5NiAxNy44NDk5IDIxLjg0OTZWMzQuOTMzNU0xNy44NDk5IDU1LjUxODhWNzQuMDQ5NkgzMi4yNVY1OS40OTQ1VjU1LjUxODgiIHN0cm9rZT0iYmxhY2siIHN0cm9rZS13aWR0aD0iMiIgc3Ryb2tlLWxpbmVjYXA9InJvdW5kIiBzdHJva2UtbGluZWpvaW49InJvdW5kIi8+PC9zdmc+\" alt=\"Outlined number one\" class=\"sc-cNKpQo gvneOt\"><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"Image of an arrow\" class=\"sc-AjmZR ctylzc\"><\/div><div class=\"sc-hUpaWb\"><form><div class=\"Form__FormRow-sc-32vt5e-0 ddlwSx\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">How did you make money?<\/div><div class=\"sc-jJoQpE kzSgtS\"><div class=\"sc-hiCivh ibNKnF\"><div class=\"Radio__Container-sc-1d2f0wy-0 iLSPPf\"><input type=\"radio\" id=\"typeshares\" name=\"type\" class=\"Radio__Input-sc-1d2f0wy-1 brdvpz\" value=\"shares\"><label for=\"typeshares\" class=\"Radio__Label-sc-1d2f0wy-2 fpqjiq\">Shares<\/label><\/div><\/div><div class=\"sc-hiCivh ibNKnF\"><div class=\"Radio__Container-sc-1d2f0wy-0 iLSPPf\"><input type=\"radio\" id=\"typeproperty\" name=\"type\" class=\"Radio__Input-sc-1d2f0wy-1 brdvpz\" value=\"property\"><label for=\"typeproperty\" class=\"Radio__Label-sc-1d2f0wy-2 fpqjiq\">Property<\/label><\/div><\/div><div class=\"sc-hiCivh ibNKnF\"><div class=\"Radio__Container-sc-1d2f0wy-0 iLSPPf\"><input type=\"radio\" id=\"typecrypto\" name=\"type\" class=\"Radio__Input-sc-1d2f0wy-1 brdvpz\" value=\"crypto\"><label for=\"typecrypto\" class=\"Radio__Label-sc-1d2f0wy-2 fpqjiq\">Crypto<\/label><\/div><\/div><div class=\"sc-hiCivh ibNKnF\"><div class=\"Radio__Container-sc-1d2f0wy-0 iLSPPf\"><input type=\"radio\" id=\"typeother\" name=\"type\" class=\"Radio__Input-sc-1d2f0wy-1 brdvpz\" value=\"other\"><label for=\"typeother\" class=\"Radio__Label-sc-1d2f0wy-2 fpqjiq\">Other<\/label><\/div><\/div><\/div><\/div><div class=\"sc-kLwgWK gVgARU\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">Profit from capital gains<\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><div class=\"Input__Container-sc-11yg3hb-0 jiJACg\"><input type=\"number\" min=\"0\" pattern=\"[0-9]*\" name=\"capitalGains\" class=\"Input__InputElement-sc-11yg3hb-1 gvuJbz\"><div class=\"Input__Suffix-sc-11yg3hb-4 eEnjn\">\u00a3<\/div><\/div><\/div><\/div><div class=\"sc-kLwgWK gVgARU\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">Annual salary<div class=\"sc-eJwXpk byFCvI\"><span data-hint-default=\"Did you earn employment income?\"><div class=\"sc-nVjpj eKPbQR\">?<\/div><\/span><\/div><\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><div class=\"Input__Container-sc-11yg3hb-0 jiJACg\"><input type=\"number\" min=\"0\" pattern=\"[0-9]*\" name=\"annualIncome\" class=\"Input__InputElement-sc-11yg3hb-1 gvuJbz\"><div class=\"Input__Suffix-sc-11yg3hb-4 eEnjn\">\u00a3<\/div><\/div><\/div><\/div><div class=\"sc-kLwgWK gVgARU\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">Other income<div class=\"sc-eJwXpk byFCvI\"><span data-hint-default=\"Do you have any other income sources e.g. rental income?\"><div class=\"sc-nVjpj eKPbQR\">?<\/div><\/span><\/div><\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><div class=\"Input__Container-sc-11yg3hb-0 jiJACg\"><input type=\"number\" min=\"0\" pattern=\"[0-9]*\" name=\"otherEarnings\" class=\"Input__InputElement-sc-11yg3hb-1 gvuJbz\"><div class=\"Input__Suffix-sc-11yg3hb-4 eEnjn\">\u00a3<\/div><\/div><\/div><\/div><\/form><\/div><\/div><div opacity=\"1\" class=\"sc-jgrIVw gcVyeu\"><div class=\"sc-gSQGeZ mqvVl\"><h3 class=\"sc-iNGGwv dFrXnM\">Tax and profit<\/h3><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"Outlined number two\" class=\"sc-lbhJmS hQoEOj\"><\/div><div class=\"sc-jeqYYF fOQSYu\"><ul class=\"sc-gWXaA-D byUbmH\"><li class=\"sc-cCcYRi TgcgA\"><div class=\"sc-iUKrWq jFZeFw\">Your profit from <br>shares<\/div><div class=\"sc-efQUeY cGxXVa\">\u00a320,000<\/div><div class=\"sc-jcFkyM jRsQZY\"><div class=\"sc-caiKgP bVZKxP\">\u00a33,000 tax-free CGT allowance<div class=\"sc-eJwXpk byFCvI\"><span data-hint-default=\"In this tax year, you can make up to \u00a33,000 profit tax-free\"><div class=\"sc-nVjpj eKPbQR\">?<\/div><\/span><\/div><\/div><\/div><\/li><li class=\"sc-cCcYRi hPEaJy\"><div class=\"sc-iUKrWq jFZeFw\">Capital Gains Tax to pay<\/div><div class=\"sc-efQUeY cGxXVa\">\u00a33,273<\/div><\/li><li class=\"sc-cCcYRi hBbrsS\"><div class=\"sc-iUKrWq deKGkd\">Profit after tax<\/div><div class=\"sc-efQUeY jpRyzu\"><div class=\"sc-hiwReK ePeGmo\">\u00a316,727<svg width=\"90\" height=\"9\" viewBox=\"0 0 90 9\" fill=\"none\"><path d=\"M88.7252 3.17505C88.7252 3.17505 57.0997 -2.90497 1.32031 7.71404\" stroke=\"black\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/div><\/div><\/li><\/ul><\/div><\/div><div class=\"sc-dJjZJu isonvD\"><button class=\"sc-hGPAah fmpGnU\"><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"Illustration\" class=\"sc-dlVyqM lhOciq\"><div class=\"sc-kfPtPH\"><div class=\"sc-fKVsgm kAXsua\">Calculation details<\/div><div class=\"sc-bBHwJV jdTgMA\"><span>Click here<\/span> to show how we&#8217;ve calculated your taxes<\/div><\/div><\/button><div class=\"sc-iwjezw jVHDsA\"><div class=\"sc-cTApHj\"><div class=\"c-body m-smaller\"><h2>How your capital gains tax is calculated<\/h2><p>The total capital gains tax (CGT) you owe depends on two things:<\/p><ul><li>How much you earn in total<\/li><li>What type of assets you sell<\/li><\/ul><p>Your overall earnings determine how much of your capital gains are taxed at &#8211; 10% or 20%.<br> Our <a target=\"_blank\" rel=\"noreferrer\" href=\"\/en-uk\/capital-gains-tax-rates\">capital gains tax rates guide<\/a> explains this in more detail.<\/p><p>In your case where your capital gains from shares were <strong class=\"sc-jObXwK hgXXrT\">\u00a320,000<\/strong> and your total annual earnings were <strong class=\"sc-jObXwK hgXXrT\">\u00a369,000<\/strong>:<\/p><h3>Capital gains tax (CGT) breakdown<\/h3><p>You pay no CGT on the first <strong class=\"sc-jObXwK hgXXrT\">\u00a33,000<\/strong> that you make<\/p><p>You pay <strong class=\"sc-jObXwK hgXXrT\">\u00a3127<\/strong> at 10% tax rate for the next <strong class=\"sc-jObXwK hgXXrT\">\u00a31,270<\/strong> of your capital gains<\/p><p>You pay <strong class=\"sc-jObXwK hgXXrT\">\u00a33,146<\/strong> at 20% tax rate on the remaining <strong class=\"sc-jObXwK hgXXrT\">\u00a315,730<\/strong> of your capital gains<\/p><\/div><\/div><\/div><\/div><div class=\"sc-dJjZJu fhTjF\"><button class=\"sc-hGPAah fmpGnU\"><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"Illustration\" class=\"sc-dlVyqM lhOciq\"><div class=\"sc-kfPtPH\"><div class=\"sc-fKVsgm kAXsua\">Tax savings<\/div><div class=\"sc-bBHwJV jdTgMA\"><span>Click here<\/span> to show how to save your money<\/div><\/div><\/button><div class=\"sc-iwjezw jVHDsA\"><div class=\"sc-giYgFv fzUHXQ\"><div class=\"sc-ehCIER juizXs\"><div class=\"Form__FormRow-sc-32vt5e-0 ddlwSx\">Tax bill amount <strong class=\"sc-jObXwK hgXXrT\">\u00a33,273<\/strong><\/div><div class=\"Form__FormRow-sc-32vt5e-0 ddlwSx\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">I want to pay by<\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><div class=\"DatePicker__Container-sc-ix9an7-0 eYFeuM\"><div class=\"DatePicker__DayContainer-sc-ix9an7-1 cfckbu\"><select name=\"day\" width=\"100%\" aria-label=\"Day\" class=\"Select__Container-sc-c9lp90-0 iTqHPI\"><option value=\"\">Day<\/option><option value=\"1\">1<\/option><option value=\"2\">2<\/option><option value=\"3\">3<\/option><option value=\"4\">4<\/option><option value=\"5\">5<\/option><option value=\"6\">6<\/option><option value=\"7\">7<\/option><option value=\"8\">8<\/option><option value=\"9\">9<\/option><option value=\"10\">10<\/option><option value=\"11\">11<\/option><option value=\"12\">12<\/option><option value=\"13\">13<\/option><option value=\"14\">14<\/option><option value=\"15\">15<\/option><option value=\"16\">16<\/option><option value=\"17\">17<\/option><option value=\"18\">18<\/option><option value=\"19\">19<\/option><option value=\"20\">20<\/option><option value=\"21\">21<\/option><option value=\"22\">22<\/option><option value=\"23\">23<\/option><option value=\"24\">24<\/option><option value=\"25\">25<\/option><option value=\"26\">26<\/option><option value=\"27\">27<\/option><option value=\"28\">28<\/option><option value=\"29\">29<\/option><option value=\"30\">30<\/option><option value=\"31\">31<\/option><\/select><\/div><div class=\"DatePicker__MonthContainer-sc-ix9an7-2 ffRNEr\"><select name=\"month\" width=\"100%\" aria-label=\"Month\" class=\"Select__Container-sc-c9lp90-0 iTqHPI\"><option value=\"\">Month<\/option><option value=\"1\">Jan<\/option><option value=\"2\">Feb<\/option><option value=\"3\">Mar<\/option><option value=\"4\">Apr<\/option><option value=\"5\">May<\/option><option value=\"6\">Jun<\/option><option value=\"7\">Jul<\/option><option value=\"8\">Aug<\/option><option value=\"9\">Sep<\/option><option value=\"10\">Oct<\/option><option value=\"11\">Nov<\/option><option value=\"12\">Dec<\/option><\/select><\/div><div class=\"DatePicker__YearContainer-sc-ix9an7-3 FodKw\"><select name=\"year\" width=\"100%\" aria-label=\"Year\" class=\"Select__Container-sc-c9lp90-0 iTqHPI\"><option value=\"\">Year<\/option><option value=\"2026\">2026<\/option><option value=\"2025\">2025<\/option><option value=\"2024\">2024<\/option><\/select><\/div><\/div><\/div><\/div><div class=\"Form__FormRow-sc-32vt5e-0 ddlwSx\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">Savings frequency<\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><select name=\"frequency\" width=\"100%\" class=\"Select__Container-sc-c9lp90-0 iTqHPI\"><option value=\"\">Choose\u2026<\/option><option value=\"1\">Daily<\/option><option value=\"7\">Weekly<\/option><option value=\"14\">Fortnightly<\/option><option value=\"30\">Monthly<\/option><option value=\"90\">Quarterly<\/option><\/select><\/div><\/div><\/div><div class=\"sc-lcequs GiOiG\"><p>You need to save<\/p><div class=\"sc-efQUeY jpRyzu\">\u00a34.91 per day<\/div><p>to pay your \u00a33,273.00 tax bill by 31\/1\/2026 which is in 666 days<\/p><\/div><\/div><\/div><\/div><\/div>\n\n        <!-- END Default calc code -->\n    <\/div>\n\n\n    <\/div> <!-- .c-container -->\n<\/div> <!-- .c-block-calculator -->\n\n\n\n\n\n<h2 class=\"wp-block-heading\"><strong>When is crypto considered a profit vs an income?<\/strong><\/h2>\n\n\n\n<p>There are some instances where crypto is not only considered a gain that supplements your main income, but as the main income itself. This means that instead of being additional income on top of your usual wage, earning through crypto is now your main activity and brings in the majority of your income.&nbsp;<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-highlight-mini m-purple m-align-center\">\n    <div class=\"b-block-body\">\n        <h2>Crypto income taxed as Capital Gains<\/h2>\n<p>\ud83d\udcb0 Spending crypto<\/p>\n<p>\ud83d\udcb0 Selling crypto<\/p>\n<p>\ud83d\udcb0 Exchanging crypto<\/p>\n\n    <\/div>\n<\/div> <!-- .b-highlight-mini -->\n\n<div class=\"c-body\">\n\n\n\n\n<p><a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/hmrc\/\">HMRC<\/a> can take the view that your pattern of buying and selling of cryptocurrencies is considered \u201c<a href=\"https:\/\/www.gov.uk\/hmrc-internal-manuals\/cryptoassets-manual\/crypto20250\" target=\"_blank\" rel=\"noreferrer noopener\">trading<\/a>\u201d, which means that you are generating the majority of your income through crypto trading and you can be charged Income Tax.<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-highlight-mini m-yellow m-align-center\">\n    <div class=\"b-block-body\">\n        <h2>Crypto income taxed as Income Tax<\/h2>\n<p>\ud83d\udcb0 <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/crypto-mining\/\">Mining<\/a> tokens<\/p>\n<p>\ud83d\udcb0 Staking rewards<\/p>\n<p>\ud83d\udcb0 Getting paid in crypto (which you also pay National Insurance on)<\/p>\n<p>\ud83d\udcb0 Airdrops (but only those that are made in return for, or in expectation of, a service)<\/p>\n\n    <\/div>\n<\/div> <!-- .b-highlight-mini -->\n\n<div class=\"c-body\">\n\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is Income Tax?<\/strong><\/h2>\n\n\n\n<p>Income Tax is tax that you pay on your regular earnings. You only pay it if, during a full tax year, you earn more than \u00a312,570. This is called a <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/personal-allowance\/\">Personal Allowance<\/a>. Many people pay Income Tax through Pay As You Earn (<a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/paye\/\">PAYE<\/a>). With this method, the tax you owe is automatically taken off before you\u2019re paid your wages or pension. Your employer will know how much to deduct based on your tax code.&nbsp;<\/p>\n\n\n\n<p>You also need to pay Income Tax in some other situations, like the ones mentioned below. In these cases, you would file and submit a <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/self-assessment\/\">Self Assessment<\/a> tax return.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You\u2019ve earned more than \u00a31,000 from self-employment<\/li>\n\n\n\n<li>You\u2019ve earned more than \u00a32,500 from other untaxed income\n<ul class=\"wp-block-list\">\n<li>An example would be income you earn from renting out property<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How much Income Tax will I pay?&nbsp;<\/strong><\/h2>\n\n\n\n<p>The amount of Income Tax you pay is based on the amount of money you earn. You\u2019ll only be taxed on your earnings, after the tax-free Personal Allowance. The rates and income thresholds are set by the government and are currently as shown below.<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-highlight-mini m-neutral m-align-left\">\n    <div class=\"b-block-body\">\n        <p><span style=\"font-weight: 400;\">The <\/span><b>income tax<\/b><span style=\"font-weight: 400;\"> rates in the 2025\/26 tax year \ud83d\udc47<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Income<\/strong><\/td>\n<td><strong>Tax rate<\/strong><\/td>\n<td><strong>Tax band<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Up to \u00a312,570<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Personal allowance<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a312,571 to \u00a350,270<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Basic rate<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a350,271 to \u00a3125,140<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Higher rate<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">over \u00a3125,141<\/span><\/td>\n<td><span style=\"font-weight: 400;\">45%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Additional rate<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n    <\/div>\n<\/div> <!-- .b-highlight-mini -->\n\n<div class=\"c-body\">\n\n\n\n\n\n<p>In order to calculate exactly how much tax you\u2019d pay based on your earnings threshold, you can use our Income tax calculator.&nbsp;<\/p>\n\n\n<div data-react=\"tooltip-provider\"><\/div>\n\n    <div class=\"c-block-calculator\">\n\n    <div class=\"c-block-calculator__container\">\n\n\n    <div data-react=\"income-tax-calculator\" data-options='{\n        \"title\": \"\",\n        \"type\": \"\",\n        \"lead\": \"\"\n    }'>\n        <!-- Default calc code -->\n\n        <div class=\"sc-giYgFv fzUHXQ\"><div class=\"sc-ezbkgU bcxCiI\"><div class=\"sc-bYoCmx RakSM\"><div width=\"100%\" aria-expanded=\"false\" class=\"DropdownSelect__Container-sc-1iiysit-0 evEFoA\"><button width=\"100%\" class=\"DropdownSelect__LabelContainer-sc-1iiysit-1 egNJwI\"><span class=\"DropdownSelect__Label-sc-1iiysit-2 loOBxi\">Tax year 2024\/25<\/span> <span class=\"DropdownSelect__Arrow-sc-1iiysit-3 hcHQYJ\">\u25bc<\/span><\/button><\/div><\/div><\/div><div class=\"sc-dPiKHq jvrqXK\"><div class=\"sc-bBHHQT eyRCSV\"><h3 class=\"sc-khQdMy idLFkV\">Your situation<\/h3><img decoding=\"async\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMzQiIGhlaWdodD0iNzYiIHZpZXdCb3g9IjAgMCAzNCA3NiIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj48cGF0aCBkPSJNMzIuMjUgMzQuOTMzNVYxLjg0OTYxSDIwLjE0OTlDMTcuNzQ5OSA5LjA0OTYxIDExLjA1IDEzLjY0OTYgMS43NSAxNC4xNDk2VjI2Ljk0OTZDNy45NSAyNi45NDk2IDEzLjg0OTkgMjUuMDQ5NiAxNy44NDk5IDIxLjg0OTZWMzQuOTMzNU0xNy44NDk5IDU1LjUxODhWNzQuMDQ5NkgzMi4yNVY1OS40OTQ1VjU1LjUxODgiIHN0cm9rZT0iYmxhY2siIHN0cm9rZS13aWR0aD0iMiIgc3Ryb2tlLWxpbmVjYXA9InJvdW5kIiBzdHJva2UtbGluZWpvaW49InJvdW5kIi8+PC9zdmc+\" alt=\"Outlined number one\" class=\"sc-cNKpQo gvneOt\"><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"Image of an arrow\" class=\"sc-AjmZR ctylzc\"><\/div><div class=\"sc-hUpaWb\"><form><div class=\"Form__FormRow-sc-32vt5e-0 ddlwSx\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">I am<\/div><div class=\"sc-jJoQpE kzSgtS\"><div class=\"sc-hiCivh ibNKnF\"><div class=\"Radio__Container-sc-1d2f0wy-0 iLSPPf\"><input type=\"radio\" id=\"typeemployed\" name=\"type\" class=\"Radio__Input-sc-1d2f0wy-1 brdvpz\" value=\"employed\"><label for=\"typeemployed\" class=\"Radio__Label-sc-1d2f0wy-2 fpqjiq\">Employed<\/label><\/div><\/div><div class=\"sc-hiCivh ibNKnF\"><div class=\"Radio__Container-sc-1d2f0wy-0 iLSPPf\"><input type=\"radio\" id=\"typeselfEmployed\" name=\"type\" class=\"Radio__Input-sc-1d2f0wy-1 brdvpz\" value=\"selfEmployed\"><label for=\"typeselfEmployed\" class=\"Radio__Label-sc-1d2f0wy-2 fpqjiq\">Self-employed<\/label><\/div><\/div><\/div><\/div><div class=\"sc-kLwgWK gVgARU\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">Annual self-employed income<\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><div class=\"Input__Container-sc-11yg3hb-0 jiJACg\"><input type=\"number\" min=\"0\" pattern=\"[0-9]*\" name=\"annualIncome\" class=\"Input__InputElement-sc-11yg3hb-1 gvuJbz\"><div class=\"Input__Suffix-sc-11yg3hb-4 eEnjn\">\u00a3<\/div><\/div><\/div><\/div><div class=\"sc-kLwgWK gVgARU\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">Self-employed expenses <div class=\"sc-eJwXpk byFCvI\"><span data-hint-default=\"Have you bought anything for your business e.g. office chair, software, etc.\"><div class=\"sc-nVjpj eKPbQR\">?<\/div><\/span><\/div><\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><div class=\"Input__Container-sc-11yg3hb-0 jiJACg\"><input type=\"number\" min=\"0\" pattern=\"[0-9]*\" name=\"annualExpenses\" class=\"Input__InputElement-sc-11yg3hb-1 gvuJbz\"><div class=\"Input__Suffix-sc-11yg3hb-4 eEnjn\">\u00a3<\/div><\/div><\/div><\/div><\/form><\/div><\/div><div opacity=\"1\" class=\"sc-jgrIVw gcVyeu\"><div class=\"sc-gSQGeZ mqvVl\"><h3 class=\"sc-iNGGwv dFrXnM\">Tax and profit<\/h3><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"Outlined number two\" class=\"sc-lbhJmS hQoEOj\"><\/div><div class=\"sc-jeqYYF fOQSYu\"><ul class=\"sc-gWXaA-D byUbmH\"><li class=\"sc-cCcYRi TgcgA\"><div class=\"sc-iUKrWq jFZeFw\">Total earnings<\/div><div class=\"sc-efQUeY cGxXVa\">\u00a350,000<\/div><div class=\"sc-jcFkyM jRsQZY\"><div class=\"sc-caiKgP bVZKxP\">\u00a31,000 tax-free Trading Allowance <div class=\"sc-eJwXpk byFCvI\"><span data-hint-default=\"You can make up to \u00a31,000 profit tax-free\"><div class=\"sc-nVjpj eKPbQR\">?<\/div><\/span><\/div><\/div><\/div><\/li><li class=\"sc-cCcYRi hPEaJy\"><div class=\"sc-iUKrWq jFZeFw\">Tax to pay<\/div><div class=\"sc-efQUeY cGxXVa\">\u00a39,472<\/div><div class=\"sc-jcFkyM jRsQZY\"><div class=\"sc-caiKgP bVZKxP\">\u00a37,286 income tax<\/div><div class=\"sc-caiKgP bVZKxP\">\u00a30 class 2 National Insurance<\/div><div class=\"sc-caiKgP bVZKxP\">\u00a32,186 class 4 National Insurance<\/div><\/div><\/li><li class=\"sc-cCcYRi hBbrsS\"><div class=\"sc-iUKrWq deKGkd\">What you&#8217;re left with<\/div><div class=\"sc-efQUeY jpRyzu\"><div class=\"sc-hiwReK ePeGmo\">\u00a340,528<svg width=\"90\" height=\"9\" viewBox=\"0 0 90 9\" fill=\"none\"><path d=\"M88.7252 3.17505C88.7252 3.17505 57.0997 -2.90497 1.32031 7.71404\" stroke=\"black\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/div><\/div><\/li><\/ul><\/div><\/div><div class=\"sc-dJjZJu isonvD\"><button class=\"sc-hGPAah fmpGnU\"><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"Illustration\" class=\"sc-dlVyqM lhOciq\"><div class=\"sc-kfPtPH\"><div class=\"sc-fKVsgm kAXsua\">Calculation details<\/div><div class=\"sc-bBHwJV jdTgMA\"><span>Click here<\/span> to show how we&#8217;ve calculated your taxes<\/div><\/div><\/button><div class=\"sc-iwjezw jVHDsA\"><div class=\"sc-cTApHj\"><div class=\"c-body m-smaller\"><h2>How your income tax is calculated<\/h2><p>When you&#8217;re self-employed, you have to pay your income tax and national insurance contributions yourself in your annual Self Assessment. Our calculator helps you quickly assess how much you owe.<\/p><p>However you may be eligible for a tax refund when:<\/p><ol><li>You already made tax payments for the year but your annual income ended up less than planned<\/li><li>You have done things that qualify for a tax relief (made private pension contributions, given to charity, etc.)<\/li><\/ol><p>In your case when you earn <strong class=\"sc-jObXwK hgXXrT\">\u00a350,000<\/strong>:<\/p><h3>Income tax breakdown<\/h3><p>You pay no income tax on first <strong class=\"sc-jObXwK hgXXrT\">\u00a312,570<\/strong> that you make<\/p><p>You pay <strong class=\"sc-jObXwK hgXXrT\">\u00a37,286<\/strong> at basic income tax rate (20%) on the next <strong class=\"sc-jObXwK hgXXrT\">\u00a336,430<\/strong><\/p><h3>National insurance contributions breakdown<\/h3><p>No contributions on the first <strong class=\"sc-jObXwK hgXXrT\">\u00a312,570<\/strong> that you make<\/p><p>You pay <strong class=\"sc-jObXwK hgXXrT\">\u00a32,186<\/strong> in contributions (at <span>6%<\/span>) on the next <strong class=\"sc-jObXwK hgXXrT\">\u00a336,430<\/strong> that you make<\/p><p>You pay <strong class=\"sc-jObXwK hgXXrT\">\u00a30<\/strong> in NI Class 2 contributions<\/p><\/div><\/div><\/div><\/div><div class=\"sc-dJjZJu fhTjF\"><button class=\"sc-hGPAah fmpGnU\"><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"Illustration\" class=\"sc-dlVyqM lhOciq\"><div class=\"sc-kfPtPH\"><div class=\"sc-fKVsgm kAXsua\">Tax savings<\/div><div class=\"sc-bBHwJV jdTgMA\"><span>Click here<\/span> to show how to save your money<\/div><\/div><\/button><div class=\"sc-iwjezw jVHDsA\"><div class=\"sc-giYgFv fzUHXQ\"><div class=\"sc-ehCIER juizXs\"><div class=\"Form__FormRow-sc-32vt5e-0 ddlwSx\">Tax bill amount <strong class=\"sc-jObXwK hgXXrT\">\u00a39,472<\/strong><\/div><div class=\"Form__FormRow-sc-32vt5e-0 ddlwSx\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">I want to pay by<\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><div class=\"DatePicker__Container-sc-ix9an7-0 eYFeuM\"><div class=\"DatePicker__DayContainer-sc-ix9an7-1 cfckbu\"><select name=\"day\" width=\"100%\" aria-label=\"Day\" class=\"Select__Container-sc-c9lp90-0 iTqHPI\"><option value=\"\">Day<\/option><option value=\"1\">1<\/option><option value=\"2\">2<\/option><option value=\"3\">3<\/option><option value=\"4\">4<\/option><option value=\"5\">5<\/option><option value=\"6\">6<\/option><option value=\"7\">7<\/option><option value=\"8\">8<\/option><option value=\"9\">9<\/option><option value=\"10\">10<\/option><option value=\"11\">11<\/option><option value=\"12\">12<\/option><option value=\"13\">13<\/option><option value=\"14\">14<\/option><option value=\"15\">15<\/option><option value=\"16\">16<\/option><option value=\"17\">17<\/option><option value=\"18\">18<\/option><option value=\"19\">19<\/option><option value=\"20\">20<\/option><option value=\"21\">21<\/option><option value=\"22\">22<\/option><option value=\"23\">23<\/option><option value=\"24\">24<\/option><option value=\"25\">25<\/option><option value=\"26\">26<\/option><option value=\"27\">27<\/option><option value=\"28\">28<\/option><option value=\"29\">29<\/option><option value=\"30\">30<\/option><option value=\"31\">31<\/option><\/select><\/div><div class=\"DatePicker__MonthContainer-sc-ix9an7-2 ffRNEr\"><select name=\"month\" width=\"100%\" aria-label=\"Month\" class=\"Select__Container-sc-c9lp90-0 iTqHPI\"><option value=\"\">Month<\/option><option value=\"1\">Jan<\/option><option value=\"2\">Feb<\/option><option value=\"3\">Mar<\/option><option value=\"4\">Apr<\/option><option value=\"5\">May<\/option><option value=\"6\">Jun<\/option><option value=\"7\">Jul<\/option><option value=\"8\">Aug<\/option><option value=\"9\">Sep<\/option><option value=\"10\">Oct<\/option><option value=\"11\">Nov<\/option><option value=\"12\">Dec<\/option><\/select><\/div><div class=\"DatePicker__YearContainer-sc-ix9an7-3 FodKw\"><select name=\"year\" width=\"100%\" aria-label=\"Year\" class=\"Select__Container-sc-c9lp90-0 iTqHPI\"><option value=\"\">Year<\/option><option value=\"2026\">2026<\/option><option value=\"2025\">2025<\/option><option value=\"2024\">2024<\/option><\/select><\/div><\/div><\/div><\/div><div class=\"Form__FormRow-sc-32vt5e-0 ddlwSx\"><div class=\"Form__FormRowTitle-sc-32vt5e-2 coHrqe\">Savings frequency<\/div><div class=\"Form__FormRowItem-sc-32vt5e-3\"><select name=\"frequency\" width=\"100%\" class=\"Select__Container-sc-c9lp90-0 iTqHPI\"><option value=\"\">Choose\u2026<\/option><option value=\"1\">Daily<\/option><option value=\"7\">Weekly<\/option><option value=\"14\">Fortnightly<\/option><option value=\"30\">Monthly<\/option><option value=\"90\">Quarterly<\/option><\/select><\/div><\/div><\/div><div class=\"sc-lcequs GiOiG\"><p>You need to save<\/p><div class=\"sc-efQUeY jpRyzu\">\u00a314.22 per day<\/div><p>to pay your \u00a39,471.56 tax bill by 31\/1\/2026 which is in 666 days<\/p><\/div><\/div><\/div><\/div><\/div>\n\n        <!-- END Default calc code -->\n    <\/div>\n\n\n    <\/div> <!-- .c-container -->\n<\/div> <!-- .c-block-calculator -->\n\n\n\n\n\n<h2 class=\"wp-block-heading\"><strong>So, what does this have to do with crypto?<\/strong><\/h2>\n\n\n\n<p>Basically, the tax rules with crypto are ever-changing as society, along with HMRC, learn to adapt and accept it into the mainstream. There have now been cases where HMRC have taxed people Income Tax as opposed to Capital Gains Tax due to a certain person\u2019s patterns, when buying and selling crypto. Once you are considered to be \u201ctrading\u201d crypto, this automatically is taxed as regular income because it is your main activity and brings in the majority of your earnings. If trading crypto is your full-time career and where you make the majority of your income, then Income Tax is applied.<\/p>\n\n\n\n<p>The amount of Income Tax you pay depends on what income band you\u2019re in from the table mentioned above. There are also some instances where you may need to also make <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/national-insurance\/\">National Insurance<\/a> contributions too.&nbsp;&nbsp;<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-highlight-mini m-mint m-align-left\">\n    <div class=\"b-block-body\">\n        <h2>Which crypto activities are taxed as a full-time income, according to HMRC?<\/h2>\n<ul>\n<li>Mining tokens<\/li>\n<li>Staking rewards<\/li>\n<li>Getting paid in crypto<\/li>\n<li>Which you also pay National Insurance on<\/li>\n<li>Airdrops<\/li>\n<li>Only those that are made in return for, or in expectation of, a service<\/li>\n<\/ul>\n\n    <\/div>\n<\/div> <!-- .b-highlight-mini -->\n\n<div class=\"c-body\">\n\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Crypto is sometimes subject to Income Tax<\/strong><\/h2>\n\n\n\n<p>Yep, crypto can be subject to Income Tax. Determining whether you\u2019re going to be subject to CGT or Income Tax is down to what your primary income is and how much of your total income crypto accounts for. It also depends on what you do with your crypto assets.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_Investor_Capital-gains_Crypto.jpg\" width=\"1200\" height=\"1741\" srcset=\"https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_Investor_Capital-gains_Crypto-207x300.jpg 207w, https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_Investor_Capital-gains_Crypto-706x1024.jpg 706w, https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_Investor_Capital-gains_Crypto-768x1114.jpg 768w, https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_Investor_Capital-gains_Crypto-1059x1536.jpg 1059w, https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_Investor_Capital-gains_Crypto.jpg 1200w\" class=\"wp-block-image__media\" sizes=\"auto, (min-width: 1000px) 768px, calc(100vw - 48px)\" alt=\"crypto tax\"><\/div>\n\n\n<p>It is important to know what you\u2019ll be taxed on and to stay up-to-date with news from HMRC regarding cryptocurrency. If you haven\u2019t already, you should read up on the<a href=\"https:\/\/www.gov.uk\/hmrc-internal-manuals\/cryptoassets-manual\" target=\"_blank\" rel=\"noreferrer noopener\"> cryptoassets manual <\/a>that HMRC provides on their website. As crypto continues to grow and evolve, we\u2019ll keep you up to date on the tax side.<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-cta-mini m-purple m-align-left\">\n    \n    <div class=\"b-cta-mini__content\">\n\n        \n        <h2 class=\"b-cta-mini__title\">Filing a crypto tax return?<\/h2>\n\n        \n        \n        <div class=\"b-cta-mini__body\">\n            <div class=\"b-block-body\"><p><span style=\"font-weight: 400;\">Well, listen up. We teamed up with Koinly to bring you a quick and easy solution: a tool to create crypto tax reports. Want to get your crypto tax report generated and tax return filed all in one? Look no further. Up to 1000 transactions totally free!<\/span><\/p>\n<\/div>\n        <\/div>\n\n        \n        \n        <div class=\"b-cta-mini__action\">\n\n            <a href=\"https:\/\/taxfix.com\/en-uk\/blog\/intro-to-taxscouts-koinly\/\" class=\"c-button m-large  m-mobile-fullwidth\">Learn more<\/a>\n\n\n        <\/div>\n\n        \n    <\/div>\n<\/div> <!-- .b-cta-mini -->\n\n<div class=\"c-body\">\n\n","protected":false},"excerpt":{"rendered":"<p>So, when is crypto subject to Income Tax? If you\u2019ve been reading about crypto and the tax implications that come with it, then you might be familiar with Capital Gains Tax. But, depending on the situation, you might also have to pay Income Tax on your crypto earnings. What is Capital Gains Tax again? Capital [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":41658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[299,301],"tags":[70,348,418],"class_list":["post-13961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-tax-basics","tag-capital-gains-tax","tag-income-tax","tag-invest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is crypto subject to Income Tax? &#8211; Taxfix (formerly TaxScouts)<\/title>\n<meta name=\"description\" content=\"Is crypto subject to Income Tax? Depending on your situation, you may well have to pay Income Tax on your crypto earnings.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxfix.com\/en-uk\/blog\/is-crypto-subject-to-income-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is crypto subject to Income Tax? &#8211; Taxfix (formerly TaxScouts)\" \/>\n<meta property=\"og:description\" content=\"Is crypto subject to Income Tax? Depending on your situation, you may well have to pay Income Tax on your crypto earnings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxfix.com\/en-uk\/blog\/is-crypto-subject-to-income-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"Taxfix\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/taxfix_uk\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-08T16:38:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-11T14:20:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_is-crypto-subject-to-income-tax.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"672\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Roshni Karadia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Taxfix\" \/>\n<meta name=\"twitter:site\" content=\"@Taxfix\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxfix.com\/en-uk\/blog\/is-crypto-subject-to-income-tax\/\",\"url\":\"https:\/\/taxfix.com\/en-uk\/blog\/is-crypto-subject-to-income-tax\/\",\"name\":\"Is crypto subject to Income Tax? &#8211; Taxfix (formerly TaxScouts)\",\"isPartOf\":{\"@id\":\"https:\/\/taxfix.com\/en-uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/taxfix.com\/en-uk\/blog\/is-crypto-subject-to-income-tax\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/taxfix.com\/en-uk\/blog\/is-crypto-subject-to-income-tax\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_is-crypto-subject-to-income-tax.png\",\"datePublished\":\"2022-02-08T16:38:28+00:00\",\"dateModified\":\"2025-09-11T14:20:37+00:00\",\"author\":{\"@id\":\"https:\/\/taxfix.com\/en-uk\/#\/schema\/person\/09c064e5a4b2a42a4ea0872f615a8350\"},\"description\":\"Is crypto subject to Income Tax? 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