Revolut Crypto Tax UK: How HMRC Taxes Buys, Sells and Staking (2026/27)

Millions of UK users hold crypto through Revolut, often without thinking of themselves as "crypto investors" at all. HMRC sees it differently: crypto bought in a banking app is taxed exactly like crypto bought anywhere else. Here is what Revolut users need to know for the 2026/27 tax year.

Selling and swapping in-app are disposals

Every time you sell crypto back to GBP inside Revolut, or swap one token for another, you make a Capital Gains Tax disposal. The gain is your GBP proceeds minus your Section 104 pooled cost, and gains above the £3,000 annual exempt amount are taxed at 18% (basic rate) or 24% (higher rate). The convenience of one-tap trading cuts both ways — casual Revolut users often rack up dozens of small disposals without keeping any records.

Rounding-up and recurring buys

Revolut's spare-change round-ups and recurring buy features create a steady stream of small acquisitions. Each one adds to your Section 104 pool at its GBP cost. None of them are taxable on the way in — but they all change your average cost, which changes the gain on every future sale. This is exactly the situation pooling software exists for.

Staking rewards are income

Revolut offers staking on assets like ETH, DOT and ADA. Rewards are taxable as miscellaneous income at their GBP value when you receive them, and that value becomes the cost basis of the rewarded tokens. If your total miscellaneous income is under £1,000 in the tax year, the trading and miscellaneous income allowance may cover it — but you still need the records.

Fees and spreads

Revolut charges a trading fee and builds a spread into its prices. Explicit fees on a disposal are allowable costs. The spread is effectively baked into your buy and sell prices, so it is captured automatically — but it also means your real cost basis differs from the mid-market price you may have screenshotted.

Does Revolut report to HMRC?

Yes — assume full visibility. Under the Crypto-Asset Reporting Framework (CARF), which went live in January 2026, UK platforms report customer crypto activity to HMRC automatically. A "small app balance" is not invisible.

Getting your data out

Export your crypto statement from the app (Profile → Statements) regularly. CryptoLens can take your transaction history, build your Section 104 pools, apply the same-day and 30-day rules, and produce an SA108-ready report.

This is general information, not personal tax advice.