HMRC First Crypto Tax Data: 240 Filers Account for Over Half of £1.38B Gains
HMRC publishes first granular data on UK crypto tax filings, showing extreme concentration among a small cohort of high earners.
HMRC reports 17,600 individuals declared £1.38 billion in taxable crypto gains.
240 crypto millionaires accounted for more than half of that total.
Most filers are under 55; 87% are men.
No breakdown of asset types, holding periods, or loss offsets is provided.
No confirmation whether the £1.38 billion figure is net of losses or fees.