CRYPTO22050 - Cryptoassets for individuals: Capital Gains Tax: what is an asset
Tokens are digital and therefore intangible, but count as a 鈥榗hargeable asset鈥� for Capital Gains Tax if they鈥檙e both:
- capable of being owned
- have a value that can be realised
For more information about what makes an 鈥榓sset鈥� for Capital Gains Tax purposes, see CG12010.
Customers looking for guidance on paying Capital Gains Tax when disposing of cryptoassets can refer to this guidance: /guidance/check-if-you-need-to-pay-tax-when-you-sell-cryptoassets.
HMRC expects that buying and selling of tokens by an individual will normally amount to investment activity (rather than a trade of dealing in tokens). In such cases, if an individual invests in tokens they will typically have to pay Capital Gains Tax on any gains they realise.