Uploaded December 2024 | Updated September 2026, 2 weeks ago

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Are you confused about crypto taxes in the UK? 🌍 Don’t worry—this beginner-friendly guide breaks down everything you need to know about handling your cryptocurrency taxes in 2025. From understanding capital gains tax and income tax to uncovering tips to reduce your tax liabilities, we've got you covered!

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In this video, we’ll cover:
🔹 Taxable crypto events (selling, trading, staking, etc.)
🔹 Key rules like Same-Day, Bed & Breakfast, and Section 104
🔹 How to calculate your cost basis and use tax allowances
🔹 Pro tips for record-keeping and meeting deadlines
🔹 Strategies to save on taxes, including loss harvesting and gifting crypto

⏱️Timestamps:

00:00 Intro: UK crypto taxes
00:28 Types of taxes in the UK
01:08 Crypto taxable events in the UK
01:33 Capital gains and income tax-free allowances
02:06 Crypto cost basis methods in the UK, from same-day rule to the Bed and breakfast and Section 104 rules
04:51 When do you have to report your crypto
05:13 Step-by-step guide on how to report UK crypto taxes (including tax forms)
05:50 Tip: Keep accurate records of your crypto transactions
06:10 Tax-Free crypto events
06:32 Top ways to avoid crypto tax UK, from offsetting gains with losses to deducting fees and claiming lost/stolen crypto
08:04 Pro tip: Maximize tax free allowances with crypto gifts
08:27 Don't miss the UK crypto tax deadline
08:58 Outro: Crypto Tax UK explained

📅 Don’t forget: The UK tax deadline is 31 January 2025! Missing it could result in penalties, so start preparing now.

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✅ About CoinTracking.

Welcome to CoinTracking! Your one-stop channel for everything crypto. We provide insights on cryptocurrency, crypto taxes, and exchanges with easy-to-understand guides to boost your crypto knowledge. CoinTracking analyzes your trades and generates real-time reports on profit and loss, coin values, and gains—both realized and unrealized.

Our expert tax reporting helps you stay on top of your obligations. With our 'CoinTracking Full-Service,' you can even delegate data preparation to a team of professionals. Let’s navigate the world of crypto together!

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