Krutika Adani
New Rules Start January 2026
HMRC will enforce new crypto tax rules by January 2026, targeting UK holders who fail to declare taxable transactions.
What Counts as Taxable?
Swapping, selling, gifting, or using crypto for purchases can trigger capital gains tax, even without converting to fiat.
Small Gains May Be Exempt
Gains under £3,000 are exempt from CGT, but all activity must be reported. HMRC is tightening data tracking via exchanges.
Staking & Income Rules Differ
Staking rewards and crypto salaries are taxed as income. Earnings under £12,570 avoid tax, but total income counts.
Penalties for Non-Compliance
Failure to follow new HMRC rules could mean heavy fines or even jail time. UK crypto users should prepare now.