CryptoTax UK · Guide
Phantom Wallet Tax UK — HMRC Guide for 2025/26
Phantom is the leading wallet for Solana and is increasingly multi-chain. This guide covers UK tax on Solana transactions, NFT activity and staking made via Phantom. Educational only — not tax advice.
Calculate my Phantom wallet tax →UK tax on Solana transactions in Phantom
Swapping SOL for another token, selling NFTs minted or purchased on Solana, and closing positions in Solana DeFi protocols are all disposal events for UK CGT purposes. Staking rewards received in SOL may be Income Tax events when received. The same HMRC matching rules apply to SOL as to any other crypto asset.
Exporting your Phantom transaction history
Phantom does not provide a built-in CSV export. Use Solscan.io — search your Phantom wallet address and export your transaction history. For Ethereum and other chains where Phantom operates, use the relevant block explorer.
Frequently asked questions
Are Solana NFT sales taxable in the UK?
Yes — selling an NFT is a disposal of a crypto asset for UK CGT purposes. Your gain or loss is the difference between your sale proceeds and the original GBP cost of acquiring the NFT.
How are Solana staking rewards taxed?
SOL staking rewards may be treated as miscellaneous income by HMRC, taxed in the year received at your marginal Income Tax rate. The GBP value on receipt is also your cost basis for future CGT.
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Calculate my Phantom wallet tax →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.