HMRC Cryptocurrency Reporting

This page explains — in plain English — how UK crypto reporting generally works and how clean wallet separation can make your records clearer and more private while staying fully compliant.

UK tax context Record-keeping Wallet hygiene

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1) Overview

HMRC treats most cryptoasset disposals (e.g., selling, swapping, spending) as taxable events. Individuals may owe Capital Gains Tax (CGT) on gains; some activities (like professional trading or certain rewards) may be subject to Income Tax. Centralised exchanges and certain service providers may share information with tax authorities under international transparency standards. This page does not provide tax advice — it simply highlights why organised wallet flows matter.

2) What information might be reported to HMRC?

Account identifiers

When using KYC platforms, personal details can be associated with deposits/withdrawals.

Balances & transactions

Platforms may share summaries that help authorities match reported gains with on‑chain activity.

Cross‑border standards

Global frameworks (such as the OECD’s Crypto‑Asset Reporting Framework) are intended to standardise information-sharing between jurisdictions.

Important: exact obligations vary by platform and may evolve. Always check official guidance or speak to a professional adviser.

3) Why wallet hygiene still matters (and helps compliance)

Clear audit trail: Separating wallets for investing, DeFi, trading, NFTs, and income makes your records easier to reconcile.
Private but transparent: You maintain personal privacy on‑chain while keeping exportable logs for your accountant.
Fewer errors: Clean flows reduce accidental double‑counting or missing lots when calculating CGT.

4) A simple, compliant wallet structure

Main treasury: long‑term holdings.
Operational wallet(s): day‑to‑day activity (trading, DeFi, NFTs).
Income wallet: staking/mining/creator income.
Periodic consolidation: use SolanaBlender to move funds between roles while keeping each role de‑linked on‑chain.

You can provide your accountant with internal logs of these moves; on‑chain links remain minimised for privacy.

5) How SolanaBlender supports accurate record‑keeping

Session logs

Keep a private record of session IDs, timestamps, and amounts, which you can reconcile with your own books.

Clean separation

Route funds via fresh wallets so personal, business, and experimental activity don’t contaminate each other.

Optional rotation

Rotate addresses periodically to reduce noise in public explorers while keeping internal records intact.

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6) Helpful resources

Links are for general information only. Always verify the latest official guidance.

Disclaimer: This page is for informational purposes only and does not constitute tax, accounting, or legal advice. SolanaBlender is a wallet hygiene tool. You are responsible for meeting your HMRC obligations and should consult a qualified professional.

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