• Crypto capital gains are classified as chargeable assets under Capital Gains Tax.
• Gains are taxable when crypto is sold, traded, gifted, or used for purchases.
• Annual exemption threshold is £6,000 for 2024/25 tax year (reduced from £12,300).
• Losses can be offset against gains, and Bed and Breakfasting rules apply to prevent tax avoidance.

• Mining income is taxed as trading income if commercial, or miscellaneous income if hobby.
• Staking rewards are taxed as income at the point of receipt, based on market value.
• Airdrops, forks, and employment-related crypto are treated as income.
• Deductible expenses can reduce taxable income, and rates depend on total income bands.

• All crypto transactions, gains, and income must be reported.
• Report via Self Assessment tax return.
• Use forms SA100 and SA108 for capital gains.
• Deadline is January 31 following the tax year end (April 5).

• NFTs are treated similarly to crypto for tax purposes.
• DeFi activities like lending may trigger taxable events.
• Recent HMRC guidance emphasizes record-keeping for all transactions.
• Crypto held in ISAs or pensions may be tax-advantaged, but direct crypto not allowed in ISAs.