Skip to content
DA

New here? Start with these

Also useful

I gifted bitcoin to my adult child

The situation

Chris transferred bitcoin to their adult daughter's wallet as a gift. Chris originally paid £5,000; value at gift was £12,000.

Quick answer

Gifts to non-spouses are disposals at market value. CGT may apply on the £7,000 gain minus allowance. The daughter's acquisition cost is £12,000 for her future CGT.

What to do

  1. Record gift date and sterling value
  2. Calculate Chris's gain for SA108 if reportable
  3. Tell your daughter her cost basis for future sales

Not financial or tax advice. Updated June 2026.