Reform UK plan cuts crypto gains tax to 10%

Reform UK has outlined plans to cut capital gains tax on crypto assets, according to a report by Protos. The proposal would lower the rate for high-rate payers from 24% and basic-rate payers from 18% to a uniform 10%.

HMRC analysis showed that 17,600 UK crypto investors generated £1.38 billion in capital gains in 2025. Of that total, 240 investors earning over £1 million a year accounted for £717 million. The Independent calculated that the proposed rate change would save those 240 taxpayers more than £100 million a year. The outlet estimated that cumulative savings could reach approximately five times the annual figure over a legislative term.

Two tax specialists speaking to the news organization noted that the reductions might adversely affect the UK economy.

The party received £72 million from crypto billionaires Christopher Harborne and Ben Delo last weekend. Harborne’s latest contributions raise the amount he has donated to Reform to £61 million, not counting a distinct £5 million payment to leader Nigel Farage. Byline Times reported that the recent donations might breach government overseas donor caps.

Reform removed its crypto manifesto from its website in July.