Tax Exile Guide for Crypto: United Kingdom
Complete step-by-step procedure to transfer your tax residence to United Kingdom. Crypto tax rate: 10-20% CGT.
Overview
Crypto tax rate
10-20% CGT
Crypto-friendly score
β β β ββ
Cost of living
High
Banking ease
Easy
Regulation
Neutral
Preparation time
3-6 months
Step 1: Preparation for Departure
A tax relocation to United Kingdom requires 3-6 months of preparation. Here are the essential steps before leaving.
Check your passport validity (minimum 6 months)
Gather all financial documents (bank statements, crypto history)
Notify your tax authority of your planned departure
Apply for a UK visa
Obtain a NINO (National Insurance Number, UK)
Take out international health insurance
Step 2: Exit Tax
Some countries apply an exit tax on unrealised capital gains. Check whether your country of origin is affected.
β Good news: United Kingdom does not apply an exit tax upon entry.
The UK does not apply a classic exit tax, but CGT (Capital Gains Tax) due remains payable. Departing residents may be subject to the temporary non-residence rule for 5 years.
β οΈ Warning: your country of origin may apply an exit tax. Consult a tax adviser.
Step 3: Visa & Residence
For all detailed information on visas and residence permits for United Kingdom, visit our specialist partner.
View visa options for United Kingdom
eVisa-Card.com β Your partner for visa procedures
Step 4: Banking & Finance
Opening a bank account in United Kingdom is a crucial step. Here are the recommended banks and the procedure.
Recommended banks
- π¦ HSBC
- π¦ Barclays
- π¦ Monzo
- π¦ Starling
- π¦ Lloyds
Required documents
- π Valid passport
- π BRP / Visa (United Kingdom)
- π Proof of local address
- π Proof of regular income
Account opening time : 1-3 weeks
HSBC, Barclays, Lloyds and neo-banks (Monzo, Revolut) are available. Account opening requires proof of address and a passport. UK banks are among the most open to crypto clients.
Step 5: Transferring Your Cryptocurrencies
Transferring your crypto assets to United Kingdom requires compliance with local regulations. Here is the procedure.
Exchanges available in United Kingdom
Regulator : FCA (Financial Conduct Authority)
Transfer steps
Verify that your exchange is authorised in the destination country
Check FCA (Financial Conduct Authority, UK) compliance
Transfer your crypto to a locally regulated exchange
Keep a complete record of all transfers (dates, amounts, wallets)
The FCA (Financial Conduct Authority) regulates cryptocurrencies. Exchanges must be registered. The UK taxes crypto capital gains via CGT at 10-20%. Regulated exchanges include Coinbase, Kraken and Bitstamp.
Step 6: Settlement & Daily Life
Settling in United Kingdom: what you need to know for your daily life.
The UK, and London in particular, is a global financial and tech hub. The crypto community is very active. The cost of living in London is very high. Non-Dom status can be advantageous for foreign income.
Step 7: Tax Compliance in United Kingdom
Your tax obligations in United Kingdom after settling.
Filing deadline
31 janvier (annΓ©e suivante)
Forms to complete
Self Assessment Tax Return (SA100)
Capital Gains Summary (SA108)
Obligations
Capital Gains Tax (CGT) from 10% to 20%
Annual capital gains allowance (CGT allowance)
Mandatory Self Assessment return with HMRC
Declare worldwide income (residents)
The UK taxes crypto capital gains via CGT: 10% (basic rate) or 20% (higher rate) above an annual allowance of approximately 3,000 GBP. HMRC requires a declaration via Self Assessment. Non-Dom status can exempt non-remitted gains.
Estimated monthly cost of living
| Studio/1-bedroom rent | 1 200-2 200 EUR/month |
| Family rent (3 bedrooms) | 2 000-4 000 EUR/month |
| Utilities (water, electricity, internet) | 150-300 EUR/month |
| Food | 400-700 EUR/month |
| Transport | 100-250 EUR/month |
| Health insurance | 0-100 EUR/month |
| Estimated monthly budget | 1 900 - 7 500 EUR/month |
Pros & Cons
Pros
- βLow allowance
- βClear HMRC guidance
- βGlobal financial hub
Cons
- βAllowance reduced to Β£3,000
- βHigh cost in London
Frequently Asked Questions
How are crypto taxed in the UK?βΌ
Crypto capital gains are subject to CGT: 10% for basic rate taxpayers, 20% for higher/additional rate. An annual allowance of approximately 3,000 GBP applies.
What is Non-Dom status?βΌ
Non-Domiciled status allows UK residents born abroad not to be taxed on foreign income and gains not remitted to the UK. Reforms have been underway since 2024.
Does HMRC monitor crypto transactions?βΌ
Yes, HMRC has access to exchange data and sends reminder letters to taxpayers. Regulated exchanges transmit transaction information. Compliance is essential.
Is a visa needed to live in the UK?βΌ
Since Brexit, EU citizens need a visa. The Innovator Founder Visa and Global Talent Visa are the most suitable for crypto/tech profiles.
What is the cost of living in London?βΌ
London is one of the most expensive cities in the world: 3,000-6,000 EUR/month all-inclusive. An apartment costs 1,500-3,500 EUR/month. Manchester and Birmingham are 40-50% cheaper.
β οΈ Disclaimer
This guide is provided for informational purposes only and does not constitute tax, legal, or financial advice. Laws and regulations change regularly. Consult a qualified professional before making any decision regarding tax relocation.
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