Exchange fees, gas fees, and network costs are deductible.
Losses from other crypto or asset disposals can be offset against gains.
CGT Payable to Revenue
€2,847.90
Key information about cryptocurrency taxation by Revenue
How is crypto taxed in Ireland?
Revenue treats cryptocurrency as a chargeable asset subject to Capital Gains Tax (CGT) at 33%. This applies to Bitcoin, Ethereum, and all other crypto assets. Each disposal (sale, exchange, or spending) is a taxable event. The annual CGT exemption of €1,270 applies per individual.
What counts as a disposal?
Revenue has confirmed that selling crypto for fiat currency, exchanging one crypto for another (e.g., BTC to ETH), using crypto to buy goods/services, gifting crypto, and receiving airdrops or forks are all taxable events. You must calculate the gain or loss on each disposal using FIFO (First In, First Out) basis.
Can I offset crypto losses?
Yes, capital losses from crypto disposals can be offset against gains from other crypto disposals or other capital gains in the same year. Unused losses can be carried forward to future years. However, there is a "4-week rule" -- if you repurchase the same crypto within 4 weeks of selling it at a loss, the loss cannot be claimed.
Mining and staking income
If you mine or stake crypto as a trade, the income may be subject to Income Tax, PRSI, and USC rather than CGT. Revenue will look at the scale and frequency of activity to determine whether it constitutes a trade. Casual mining may still fall under CGT.
Revenue Aligned: Based on Revenue's published guidance on crypto assets. For complex portfolios with multiple disposals, DeFi activity, or NFTs, consult a qualified tax adviser experienced in cryptocurrency taxation.
How Revenue taxes cryptocurrency gains and what you need to report
How is cryptocurrency taxed in Ireland?
Revenue treats crypto as a chargeable asset, just like shares or property. When you sell, swap, or spend crypto, you pay Capital Gains Tax (CGT) at 33% on any profit. There is an annual exemption of €1,270 per person. So if you bought Bitcoin for €5,000 and sold it for €10,000, your taxable gain is €5,000 minus €1,270 = €3,730, and your CGT bill is €1,231.
What counts as a taxable event?
Any disposal of crypto is taxable. This includes selling crypto for euros, swapping one crypto for another (such as BTC to ETH), using crypto to buy goods or services, gifting crypto to someone, and receiving airdrops or hard fork tokens. Simply holding crypto or moving it between your own wallets is not a taxable event.
How do I work out my gain or loss?
You use the FIFO method (First In, First Out). This means the first coins you bought are treated as the first ones you sell. If you bought 1 BTC in January for €30,000 and another in March for €35,000, then sold 1 BTC in June for €40,000, your gain is €40,000 minus €30,000 = €10,000 (using the January purchase price first).
Can I offset crypto losses against gains?
Yes. If you make a loss on one crypto sale, you can offset it against gains from other crypto sales or any other capital gains in the same year. Unused losses carry forward to future years. But watch the 4-week rule: if you sell crypto at a loss and buy the same crypto back within 4 weeks, the loss is not allowable.
When do I need to pay crypto tax?
CGT on crypto is split into two payment periods. Gains from 1 January to 30 November must be paid by 15 December of the same year. Gains from 1 December to 31 December must be paid by 31 January of the following year. You also need to include crypto gains on your annual Form 11 or Form 12 tax return.
Is crypto mining or staking taxed differently?
It can be. If you mine or stake crypto as a hobby, the tokens you receive are treated as a capital gain when you sell them. But if Revenue decides your mining is a trade (because of the scale and regularity), the income could be taxed as self-employment income at up to 55% (income tax + PRSI + USC) instead of 33% CGT.
Do I need to keep records of my crypto transactions?
Yes. Revenue requires you to keep detailed records of every transaction for at least 6 years. This includes the date of each buy and sell, the amount in euro at the time, the type of crypto, wallet addresses, and exchange records. Many people use crypto tax software to track this automatically, especially if they have hundreds of trades.
Revenue-Aligned: Based on 2025 Revenue rates and thresholds. For personal advice, speak to a qualified tax adviser.
Related Calculators
Disclaimer: This calculator provides estimates based on current HMRC rates and thresholds for the 2025/26 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified accountant or tax adviser before making financial decisions. Read our terms