Do I need to pay tax when selling crypto?

Do I need to pay tax when selling crypto?

When you dispose of cryptoasset exchange tokens (known as cryptocurrency), you may need to pay Capital Gains Tax.

You pay Capital Gains Tax when your gains from selling certain assets go over the tax-free allowance.

You might need to pay other taxes if you receive cryptoassets.

When to check

You might need to pay Capital Gains Tax when you:

• sell your tokens
• exchange your tokens for a different type of cryptoasset
• use your tokens to pay for goods or services
• give away your tokens to another person (unless it’s a gift to your spouse or civil partner)

If you donate tokens to charity, you may need to pay Capital Gains Tax on them.