HMRC, read September 2026
Gifts and inheritance in United Kingdom
What HMRC publishes about gifts and inheritance in United Kingdom, quoted verbatim from HMRC - Check if you need to pay tax when you sell cryptoassets, read September 2026.
- the authority quoted here
- HMRC
- of the authorities read publish on this question
- 4/16
- the day these pages were read
- 2026-09-08
The authority's own words
You may need to pay Capital Gains Tax if you make a gain when you ‘dispose’ of cryptoasset tokens (also known as cryptocurrency) by: selling them exchanging them for a different type of cryptoasset using them to pay for goods or services giving them to another person (unless it’s a gift to your spouse, civil partner or charity )
That sentence is the whole of what HMRC publishes on this point on the page cited. It is reproduced here for reporting and comment; it is not tax advice, and nothing on this page is our reading of it.
The same question in other jurisdictions
| Jurisdiction | What the authority says |
|---|---|
| United States | Q31. I received virtual currency as a bona fide gift. Do I have income? A31. No. If you receive virtual currency as a bona fide gift, you will not recognize income until you sell, exchange, or otherwise dispose of that virtual currency. For more information about gifts, see Publication 559, Survivors, Executors, and Administrators .IRS - Frequently asked questions on virtual currency transactions, read September 2026 |
| Ireland | 6 Capital Acquisitions Tax (CAT) – Gifts and Inheritances The receipt of crypto-assets by way of gifts or inheritance may need to be considered in relation to a liability to CAT. The valuation of the crypto-asset received for CAT purposes is the Euro equivalent market value of the asset at the valuation date of the gift or inheritance.Revenue - Taxation of crypto-asset transactions, read September 2026 |
| New Zealand | Disposing of cryptoassets Ways of disposing of cryptoassets can include: selling cryptoassets for money exchanging one cryptoasset for another type of cryptoasset using cryptoassets to pay for goods or services giving away cryptoassets to another person.IRD - Buying and selling cryptoassets, read September 2026 |
Side by side, each in its own authority's words. Where two jurisdictions differ, the difference is between the two quotations; it is not our characterisation of either.
Where this comes from
This quotation was taken from HMRC - Check if you need to pay tax when you sell cryptoassets on September 2026, and the text of that page as it read that day is kept so the quotation can be checked. HMRC answers 12 of the questions on this site and publishes nothing we could quote on 4 of them.
Cite or embed this figure
HMRC on gifts and inheritance in United Kingdom: “You may need to pay Capital Gains Tax if you make a gain when you ‘dispose’ of cryptoasset tokens (also known as cryptocurrency) by: selling them exchanging them for a different type of cryptoasset using them to pay for goods or services giving them to another person (unless it’s a gift to your spouse, civil partner or charity )” (Taxooor Crypto Tax Index).
Cite as: "Taxooor Crypto Tax Index: Gifts and inheritance, United Kingdom", updated 2026-09-08, https://taxooor.com/tax/united-kingdom/gifts/.