Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?
Topic hub
Mining Questions & Answers
Explore community questions and practical answers about mining.
Questions tagged Mining
Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?
Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?
Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?
Tax on home crypto mining rewards in the UK for 2025/26
I've been running a small home mining setup (ASIC for BTC and some GPU for altcoins) throughout 2025. Rewards come directly to my wallet. Are mined coins treated as miscellaneous income at FMV when received (even if I don't sell them), plus potential CGT on later disposal? Also, can I deduct electricity costs, hardware depreciation, or home office portion as allowable expenses against the income? I'm not trading as a business – just hobby-level. Any recent HMRC clarifications with the new reporting rules? Would love tips on tracking this properly. Cheers!
Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?
Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?
Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?
Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?
Mining cryptocurrency: Business vs hobby classification?
I mine crypto as a side income. Should I treat this as a business or hobby for tax purposes? What expenses can I deduct?