HMRC Releases First Data on Capital Gains Tax for Crypto Assets: 17,600 Individuals Reported Crypto Asset Gains

Foresight News reports that on August 27, the UK’s HM Revenue and Customs (HMRC) released its latest capital gains tax statistics, indicating that for the 2024–2025 tax year, taxpayers are required for the first time to separately report the disposal of crypto assets in their personal income tax returns. The data shows that during this tax year, a total of 17,600 individuals reported gains from crypto assets, with total disposal proceeds reaching £13.8 billion and realized gains amounting to £1.38 billion. In terms of gender composition, male taxpayers accounted for 87% of those reporting crypto asset gains and contributed 93% of the total gains, a significantly higher proportion compared to the 56% male representation among overall capital gains tax filers. Regarding the scale of gains, the distribution is highly concentrated: taxpayers reporting gains exceeding £1 million accounted for less than 2% but contributed over half of the disposal proceeds and gains. Meanwhile, taxpayers with gains below £25,000 made up 65% but collectively contributed only about 7% to 8% of the disposal proceeds and gains. From an age perspective, crypto asset gain reporters skew significantly younger: 81% of filers were under the age of 54, with the 25–44 age group accounting for 54%. In contrast, this age group represents only 17% of overall capital gains tax filers.