CryptoTax UK · Guide
Deceased Estate Crypto Tax UK — Executor's Guide
Dealing with crypto in a deceased estate is complex. This guide covers Inheritance Tax, CGT rebasing and the practical challenges of accessing and valuing crypto assets after a death. Educational only — not tax advice; seek specialist probate and tax advice for estate administration.
Estimate crypto CGT →Inheritance Tax on crypto
Crypto assets form part of the deceased's estate for Inheritance Tax purposes. The value of crypto at the date of death is included in the estate calculation. IHT is charged at 40% on the estate above the Nil Rate Band (£325,000 in 2025/26).
CGT rebasing on death
For CGT purposes, the beneficiary who receives crypto inherits it at its market value at the date of death (rebased cost). This means that any gain that accrued during the deceased's lifetime is not subject to CGT.
Practical challenges: accessing crypto
Crypto held in self-custody (hardware wallets, paper wallets) requires the private key or seed phrase. If these are lost, the crypto may be permanently inaccessible. Centralised exchanges may provide an account access process for bereaved family members on presentation of probate.
Frequently asked questions
Does CGT apply when someone dies and leaves crypto?
No CGT is charged on death — the beneficiary inherits the crypto at its market value at the date of death (rebased basis). Future CGT is calculated from that rebased value.
How do I value crypto for an estate?
Use the GBP market value of the crypto on the date of death, taken from a reputable exchange or price feed. Keep a record of the source used.
More UK crypto-tax guides
Educational guidance only. CryptoTax UK is not a regulated tax adviser and the information above does not constitute tax, legal or financial advice. Always confirm your specific position with HMRC or a qualified accountant before filing.