HMRC: 240 People Reported Over £1M in Crypto Gains in 2024-25

HMRC says 240 people reported more than £1 million each in cryptoasset capital gains during the 2024 to 2025 tax year, together declaring £717 million. The figures are the first official UK statistics specifically covering taxable cryptoasset gains, following the introduction of a dedicated cryptoasset section in the Self Assessment return.

The high-value group sits within 17,600 individuals who made Capital Gains Tax-liable cryptoasset disposals in the same period. Their reported gains provide an unusually clear view of the upper end of taxable crypto activity, while the wider data captures a much broader group of taxpayers rather than all UK crypto holders or trading activity.

Data Snapshot

MetricCurrentPreviousChangePeriodAs ofSourceIndividuals reporting more than £1 million in cryptoasset capital gains240 people——2024 to 2025 tax year27 August 2026HM Revenue & CustomsCryptoasset gains reported by the 240 people£717 million——2024 to 2025 tax year27 August 2026HM Revenue & CustomsIndividuals making Capital Gains Tax-liable cryptoasset disposals17,600 individuals——2024 to 2025 tax year27 August 2026HM Revenue & CustomsTotal cryptoasset disposal proceeds£13.8 billion——2024 to 2025 tax year27 August 2026HM Revenue & CustomsTotal taxable capital gains from cryptoassets£1.38 billion——2024 to 2025 tax year27 August 2026HM Revenue & CustomsAverage cryptoasset gain reported per individual£78,000——2024 to 2025 tax year27 August 2026HM Revenue & Customs

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