Help reporting cryptocurrency gains to HMRC for UK investors

Often, yes. HMRC treats most disposals of cryptoassets, such as selling, swapping or spending them, as events that can create a taxable gain. Some receipts, such as staking rewards or crypto paid for work, may be taxed as income instead. How your activity is taxed depends on the facts, so AFE reviews your transactions before reporting anything.

Usually, yes. Exchanging one cryptoasset for another is normally treated as a disposal, even if you never convert to pounds. You may have a gain or loss to report based on the sterling value at the time. AFE works through your swaps using your exchange and wallet records and calculates the gain or loss on each.

Act sooner rather than later. HMRC has a process for telling it about unreported gains or income from past years [VERIFY WITH HMRC / ADAM]. Coming forward yourself is usually viewed more favourably than waiting to be contacted. AFE can review the years involved and explain the options before anything is sent [CONFIRM: disclosure work offered].

Yes. Large transaction histories are common, especially for active traders and DeFi users. AFE uses crypto tax software to import exchange and wallet data and match transactions [CONFIRM: which software AFE uses]. The team then checks the results for gaps, transfers between your own wallets and items that need a closer look before reporting.