Crypto Staking & Mining Income Tax Calculator

Yes. HMRC treats staking rewards as miscellaneous income (for individual stakers) or trading income (for organised mining businesses). Income Tax is due on the GBP value of rewards at the time they are received.

Staking is taxed in two stages: (1) Income Tax on the GBP value of rewards when received; (2) CGT on any gain in value from the date you received the rewards to the date you sell or dispose of them.

Individual staking is typically "miscellaneous income". Organised mining with equipment, electricity costs, and profit motive is more likely to be a trade (income tax + NI). The scale and commerciality matter.

If mining is a trade, you can deduct electricity costs, equipment depreciation, and other direct costs. Miscellaneous income stakers typically cannot deduct running costs.

HMRC treats DeFi yield (lending, liquidity pools) as miscellaneous income. Tax is due on the GBP value of yield received.

Yield from stablecoin lending or staking (e.g., USDC yield) is still taxable as UK income even though the coin value is stable.

Running an Ethereum validator (32 ETH required) is considered staking income. Rewards are taxable as miscellaneous income at GBP value when received.

New tokens received as rewards are income at the GBP value when received. This also becomes the CGT cost basis for when you later sell those tokens.

The £1,000 Trading/Miscellaneous Income Allowance can offset small amounts of staking income. If annual staking rewards are under £1,000, you may be able to use this allowance.

Report on the self-assessment return as "other income" (box 17 on SA100 or equivalent). If mining is a trade, use self-employment pages. Keep detailed records of each reward received with date and GBP value.

New coins received via a hard fork are typically not income at receipt (you didn't do anything to earn them). The entire gain from zero to disposal price is CGT when you sell.

Very little. However: buying crypto (not a disposal), transferring between your own wallets, holding crypto (no gain realised), and gifting to a spouse (no CGT, though it takes your cost basis).