{
  "id": 3935211,
  "title": "Latest annual UK tax data shows 240 people reported more than £1 million in crypto capital gains",
  "url": "https://urgent.news/2026/08/28/latest-annual-uk-tax-data-shows-240-people-reported-more-than-1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T09:37:26.000Z",
  "source": {
    "name": "The Block",
    "slug": "the-block",
    "url": "https://www.theblock.co/news/regulation/2026-08-28-uk-tax-crypto-capital-gains-412993"
  },
  "original_language": "en",
  "account": "The UK's tax authority, HM Revenue and Customs, reported on Thursday that 240 individuals declared more than £1 million each in cryptocurrency capital gains during the 2024-25 tax year. In total, 17,600 taxpayers disclosed taxable crypto asset capital gains, generating £13.8 billion in disposal proceeds and £1.38 billion in overall gains. The 2024-25 tax year marked the initial implementation of a dedicated section for crypto capital gains on Self Assessment tax returns, previously reported under the broader capital gains category. The average gain per person was £78,000, with the wealthy minority contributing £717 million to the total. HMRC sent 81,000 \"nudge\" letters to crypto investors suspected of underpaying taxes, a 25% increase from the previous year's 65,000. The firm anticipates a surge in crypto trader investigations as HMRC receives additional data from overseas crypto businesses under new international reporting rules.",
  "summary": "HMRC data shows 240 people reported more than £1 million ($1.36 million) each in crypto gains as UK tax scrutiny intensifies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}