Quick answer
- Selling crypto for euro can create a CGT disposal.
- Swapping one crypto for another can also be a disposal, even if no euro reaches your bank.
- Buying crypto with euro and simply holding it is not normally a CGT disposal by itself.
- Staking, mining, airdrops, salary, and business receipts may be income-type events, not simple CGT-only events.
On this page
Common taxable disposal events
- Selling Bitcoin, Ethereum, stablecoins, NFTs, or other crypto for euro.
- Trading one token for another token.
- Spending crypto on goods or services.
- Gifting crypto to another person.
- Disposing of an NFT or another crypto asset at a gain or loss.
Taxable vs usually non-taxable
Selling to euro, swapping tokens, spending crypto, gifting crypto, or disposing of NFTs.
Buying crypto, holding it, or transferring assets between wallets you own.
Events that are not usually taxable by themselves
- Buying crypto with euro.
- Holding crypto without selling or swapping.
- Moving crypto between wallets you own, where there is no change of beneficial ownership.
Be careful with bridging, wrapped tokens, DeFi deposits, liquidity pools, and exchange migrations. These can be more complex than a simple wallet transfer.
Use euro market value at the time
For crypto-to-crypto trades, crypto payments, gifts, and NFT disposals, you normally need the euro market value at the time of the event. Without a euro value, it becomes very difficult to support a tax calculation later.
Frequently asked questions
Is buying crypto taxable?
Buying crypto with euro and holding it is usually not a taxable disposal by itself.
Is selling crypto taxable?
Selling crypto for euro can create a taxable gain or allowable loss.
Is moving crypto between my wallets taxable?
A transfer between wallets you own is usually not a disposal, but keep records proving ownership.
Is this guide tax advice?
No. It is general information for planning. Use official guidance or a tax adviser for your own situation.
Can I use the calculator for filing?
Use it as an estimate only. Complex activity such as DeFi, staking, mining, business trading, or many swaps may need specialist software or advice.
Sources & references
Key takeaways
- Selling crypto for euro can create a CGT disposal.
- Swapping one crypto for another can also be a disposal, even if no euro reaches your bank.
- Buying crypto with euro and simply holding it is not normally a CGT disposal by itself.
- Staking, mining, airdrops, salary, and business receipts may be income-type events, not simple CGT-only events.