The discussion clarifies the taxation of crypto gains in the UK. It explains that the flat 30% tax rate on crypto profits is only applicable if your total income exceeds the basic exemption limit. If your income is below this threshold, the slab will be utilised first, and the 30% tax may not apply.
08 May 2025
You do not have to pay the 30% crypto tax; your income is not taxable. The flat 30% tax on crypto gains applies only if your total income exceeds the exemption limit.