Do I pay tax on crypto gifts in the UK?
Often, yes. Giving crypto to anyone other than your spouse or civil partner counts as a disposal at market value, so Capital Gains Tax can be due even though no money changed hands. Gifts between spouses and civil partners are on a no gain, no loss basis, and gifts to registered charities usually have relief. Receiving a gift is not taxed, but the value at receipt becomes your acquisition cost.
Not financial advice. General information only. Verify current rules on gov.uk and HMRC.