Using the calculator to estimate how much crypto tax you owe
The way you earn your crypto profits affects the type of tax you need to pay, so you’ll start by entering a breakdown of each activity. You’ll normally need to pay Capital Gains Tax on the profits you get from trading, and Income Tax on mining and staking – but it all depends on the total amount you make in a year. For example, you might not pay any Income Tax on the first £12,570 you get each year if you’re entitled to the full amount of your tax-free Personal Allowance.
The calculator will use your figures to estimate how much crypto tax you owe. It will take into account any other income you declare because this affects what tax-free allowances you can get. You’ll also be able to enter the details of any crypto-related expenses because you can offset these against your tax bill.
We wrote an article which explains how crypto tax is worked out in more detail.