ME News reports that, on August 27 (UTC+8), the latest capital gains tax statistics released by Her Majesty’s Revenue and Customs (HMRC) of the United Kingdom show that, for the 2024–2025 tax year, taxpayers are required for the first time to separately report cryptocurrency asset disposals on their income tax returns. The data reveals that 17,600 individuals reported cryptocurrency asset gains during this period, with total disposal proceeds reaching £13.8 billion and realized gains amounting to £1.38 billion. In terms of gender, male taxpayers accounted for 87% of those reporting cryptocurrency gains and contributed 93% of the total gains—significantly higher than the 56% share of males among all capital gains tax filers. Regarding the distribution of gains, the data shows extreme concentration: taxpayers reporting gains above £1 million represented less than 2% of filers but accounted for more than half of all disposal proceeds and realized gains; in contrast, taxpayers with gains below £25,000, who made up 65% of filers, collectively contributed only about 7% to 8% of total disposal proceeds and gains. In terms of age, cryptocurrency gain filers are notably younger: 81% of filers are under 54 years old, with the 25–44 age group comprising 54%—a stark contrast to the 17% share of this age group among all capital gains tax filers. (Source: Foresight News)
UK HMRC Releases First Crypto Capital Gains Tax Data: 17,600 Individuals Reported Earnings
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Summary
The UK’s HMRC has released its first on-chain data for crypto capital gains in the 2024–2025 tax year. A total of 17,600 individuals reported earnings, with disposal proceeds reaching £13.8 billion and total gains amounting to £1.38 billion. Men accounted for 87% of filers and 93% of gains, significantly exceeding their 56% share in overall capital gains. Over half of all gains came from fewer than 2% of taxpayers who earned over £1 million. The majority, 65%, made under £25,000, contributing only 7–8% of total gains. Age data shows that 81% of filers were under 54, with 54% aged 25–44, compared to just 17% in the general capital gains group. Inflation data remains a key watchpoint for future reporting trends.
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