UK Tax Authority Says 240 Digital-Asset Investors Reported More Than £1 Million Each in Capital Gains
Summary
- HM Revenue & Customs said 240 investors reported more than £1 million in capital gains from digital-asset investments.
- The digital-asset capital gains reported by those 240 investors totaled £717 million, more than half of overall capital gains.
- Investors aged 25 to 44 accounted for 54% of all digital-asset investors and 71% of total disposal value.
Forecast Trend Report by Period
A total of 240 investors in the UK reported more than £1 million each in capital gains from digital-asset investments. Together, they accounted for more than half of all reported capital gains from digital assets.
HM Revenue & Customs said on August 28 in capital gains tax data for the 2024-2025 fiscal year that 17,600 individuals reported disposals of digital assets. Their combined capital gains totaled £1.38 billion.
Among them, 240 people each reported capital gains of more than £1 million. While they made up less than 2% of all filers, their combined gains reached £717 million, or more than half of the total.
Digital-asset investors were also younger than taxpayers reporting capital gains on other assets.
Among all digital-asset filers, 54% were between 25 and 44 years old, and 81% were 54 or younger. Investors aged 25 to 44 accounted for 71% of total disposal value, but 45% of total capital gains.
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