HMRC says 240 people reported more than £1 million each in cryptoasset capital gains during the 2024 to 2025 tax year, together declaring £717 million. The figures are the first official UK statistics specifically covering taxable cryptoasset gains, following the introduction of a dedicated cryptoasset section in the Self Assessment return.
The high-value group sits within 17,600 individuals who made Capital Gains Tax-liable cryptoasset disposals in the same period. Their reported gains provide an unusually clear view of the upper end of taxable crypto activity, while the wider data captures a much broader group of taxpayers rather than all UK crypto holders or trading activity.
Data Snapshot
| Metric | Current | Previous | Change | Period | As of | Source |
|---|---|---|---|---|---|---|
| Individuals reporting more than £1 million in cryptoasset capital gains | 240 people | — | — | 2024 to 2025 tax year | 27 August 2026 | HM Revenue & Customs |
| Cryptoasset gains reported by the 240 people | £717 million | — | — | 2024 to 2025 tax year | 27 August 2026 | HM Revenue & Customs |
| Individuals making Capital Gains Tax-liable cryptoasset disposals | 17,600 individuals | — | — | 2024 to 2025 tax year | 27 August 2026 | HM Revenue & Customs |
| Total cryptoasset disposal proceeds | £13.8 billion | — | — | 2024 to 2025 tax year | 27 August 2026 | HM Revenue & Customs |
| Total taxable capital gains from cryptoassets | £1.38 billion | — | — | 2024 to 2025 tax year | 27 August 2026 | HM Revenue & Customs |
| Average cryptoasset gain reported per individual | £78,000 | — | — | 2024 to 2025 tax year | 27 August 2026 | HM Revenue & Customs |
£717 million reported by 240 cryptoasset gainers
The 240 individuals each reported more than £1 million in cryptoasset capital gains, according to HMRC’s release on the data. The group’s £717 million total accounts for reported gains, not the value of assets held or the volume of trades made.
Across all 17,600 individuals making CGT-liable cryptoasset disposals, total taxable capital gains came to £1.38 billion in 2024 to 2025. HMRC put the average cryptoasset gain reported per individual at £78,000.
The statistics are based on taxable disclosures made through Self Assessment. They should not be read as a count of UK crypto users, since a person can hold or trade cryptoassets without necessarily recording a taxable disposal in the period.
Official HMRC graphic accompanying the release on cryptoasset gains. — Source:
£13.8 billion in disposal proceeds covers more than crypto sales
Total cryptoasset disposal proceeds reached £13.8 billion in 2024 to 2025.
Disposal proceeds and taxable capital gains are different measures: proceeds refer to the value involved in a disposal, while gains are the taxable profit reported from those transactions.
HMRC says Capital Gains Tax may be triggered by selling cryptoassets, exchanging one type of cryptoasset for another, using them to pay for goods or services, and making gifts outside qualifying spouse, civil-partner or charity gifts. That means the £13.8 billion disposal-proceeds figure covers activity beyond straightforward cryptoasset sales; the reported £1.38 billion of taxable gains cannot be treated as equivalent to it.
HMRC links £168 million in additional CGT to crypto compliance activity
The dedicated return data arrives alongside HMRC’s broader compliance push. The tax authority estimates that its cryptoasset compliance and education activity generated an additional £168 million of Capital Gains Tax in 2024 to 2025.
HMRC published the first dedicated cryptoasset-gains statistics on 27 August 2026. The release places the new reporting breakdown within a wider effort to improve visibility of taxable crypto activity.
The UK began implementing the OECD Cryptoasset Reporting Framework in January 2026. Under that programme, HMRC is expected to start receiving customer data from cryptoasset service providers in 2027, creating the next concrete reporting milestone for the authority’s cryptoasset compliance work.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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