Capital Gains Tax paid on crypto assets in the UK
Dear HM Revenue and Customs,
Under the Freedom of Information Act, I would like to request the following information:
a) The total amount of Capital Gains Tax paid in the UK on crypto assets in 2022 and 2021, with a separate annual figure for each year.
b) The amount of Capital Gains Tax paid on crypto assets in 2022 and 2021, split by local authority area, with a separate figure for each year.
Please can you provide this data for both calendar years (1st January - 31st December) and tax years (6th April - 5th April).
If you require any further clarification or have any questions, please let me know.
Yours faithfully,
Jamie Dixon
Our ref: FOI2023/27422
Dear Jamie Dixon,
Freedom of Information Act 2000 Acknowledgement
Thank you for your communication of 26 April.
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Yours sincerely
HMRC Freedom of Information Team
Dear Jamie Dixon,
We are writing in response to your request for information, received 26
April.
Yours sincerely,
HMRC Freedom of Information Team
Dear FOI Team,
Thank you for your previous response and for directing me to the asset type breakdowns found in Table 7 of the Capital Gains Tax National Statistics.
Please could you advise whether cryptocurrency would be considered a "financial asset" in the data in Table 7?
Specifically, if it would therefore be included in the data referred to as "All Financial Assets" in Table_7_1 and "Other Financial Assets" in Table_7_2 (listed in the tabs of the aforementioned Table 7).
If you have any questions or need any clarification about this please let me know.
Yours sincerely,
Jamie Dixon
Dear Mr Dixon,
I am writing in response to your follow up email relating to FOI2023/27422
sent to the HMRC Information Rights Unit on 17 May.
I can confirm that in the [1]Capital Gains Tax National Statistics
cryptocurrency would be classed as a financial asset and included in the
‘All financial assets’ totals in Table 7.1 and ‘Other financial assets’
totals in Table 7.2.
Kind regards,
M Minev
CGT statistics
HM Revenue and Customs
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References
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1. https://www.gov.uk/government/statistics...
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