UK Tax Authority Counts 240 Crypto Millionaires in First Official Tax Data

The UK tax authority recorded 240 people who each declared over £1 million ($1.35 million) in cryptoasset gains in the 2024 to 2025 tax year. It is the first breakdown of its kind.

HM Revenue and Customs (HMRC) released the numbers in its yearly Capital Gains Tax (CGT) publication.

Where the Crypto Gains Were Concentrated

Those 240 crypto millionaires reported £717 million ($974 million) between them. This works out to just over half of all crypto gains declared to the department that year, according to the statistics.

The wider pool ran to 17,600, who made cryptoasset disposals liable for CGT that year. Their disposal proceeds totaled £13.8 billion ($18.8 billion).

Taxable profit on those disposals came to £1.38 billion ($1.88 billion), or roughly an average gain of £78,000 each. Men accounted for about 87% of filers and women about 13%.

"Taxes are due on cryptoasset gains just like any other gains," James Murray, Financial Secretary to the Treasury, said.

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