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FollowingUK Revenue and Customs: 240 people reported more than one million pounds of crypto asset gains, totaling £ 717 million
The UK Revenue and Customs (HMRC) pointed out that during the 2024 - 2025 tax year, a total of 240 people each reported more than £ 1 million in capital gains on crypto assets, with a total declared amount of £ 717 million. This is the first time that the UK has released official statistics on taxable crypto asset gains. Previously, a special crypto asset column has been added to self-assessment tax returns.
This high-net-worth group is included in the 17,600 people who made disposals of crypto assets subject to capital gains tax during the same period. The gains they report provide an unusually clear view of the high end of taxable crypto activity, while the broader data covers a wider group of taxpayers, not all UK crypto asset holders or trading activity.
Data Overview
Number of people reporting capital gains of more than £ 1 million on crypto assets: 240 (Tax year 2024 - 2025, ending August 27, 2026, source: HMRC)
Total crypto asset gains reported by these 240 people: £ 717 million (Tax year 2024 - 2025, ending August 27, 2026, source: HMRC)
Number of people who have disposed of crypto assets subject to capital gains tax: 17,600 (Tax year 2024 - 2025, as of August 27, 2026, source: HMRC)
Total proceeds on crypto asset disposal: £ 13.8 billion (Tax year 2024 - 2025, as of August 27, 2026, source: HMRC)
Total taxable capital gains on crypto assets: £ 1.38 billion (Tax year 2024 - 2025, ending August 27, 2026, source: HMRC)
Average reported crypto asset return per capita: £ 78,000 (Tax year 2024 - 2025, as of August 27, 2026, source: HMRC)
240 crypto asset gainers reported £ 717 million
According to data released by HMRC, these 240 individuals each reported more than £ 1 million in crypto asset capital gains. The group's total of £ 717 million refers to reported earnings rather than the value of assets held or trading volume.
Among all 17,600 people who made disposals of crypto assets subject to capital gains tax, the total taxable capital gains for the 2024 - 2025 tax year were £ 1.38 billion. HMRC sets the average reported crypto asset return per capita at £ 78,000.
These statistics are based on taxable disclosures made through self-assessment returns. This should not be interpreted as the total number of UK crypto asset users, as individuals may hold or trade crypto assets but may not necessarily have a taxable disposal during that period.
The £ 13.8 billion disposal proceeds cover more than the mere sale of crypto assets
In the 2024 - 2025 tax year, the total proceeds from the disposal of crypto assets reached £ 13.8 billion.
Gains on disposal are different concepts from taxable capital gains: Gains refer to the value involved in the disposal, while gains are the taxable profits reported from these transactions.
HMRC stated that capital gains tax may be triggered by selling crypto assets, exchanging one crypto asset for another, using crypto assets to pay for goods or services, and giving gifts to others who do not qualify for exemptions for spouses, civil partners, or charitable donations. This means that the £ 13.8 billion on disposal gains data covers activities beyond the mere sale of crypto assets; the £ 1.38 billion reported in taxable gains cannot be equated with it.
HMRC: Compliance action brings in an additional £ 168 million in capital gains tax
Special reporting data is released in parallel with HMRC's broader compliance promotion efforts. The tax department estimates that its crypto asset compliance and education activities have generated an additional £ 168 million in capital gains tax in the 2024 - 2025 tax year.
HMRC released its first statistics specifically on the earnings of crypto assets on August 27, 2026. The release puts the new declaration classification in a broader working context and aims to increase the visibility of taxable encryption activities.
The UK will implement the OECD Crypto Asset Reporting Framework in January 2026. Under the plan, HMRC is expected to receive customer data from crypto asset service providers starting in 2027, which will be the next specific reporting milestone for the department's crypto asset compliance efforts.
