# Inheritance Tax on crypto and NFTs in the UK

Crypto and NFTs in your estate may be subject to Inheritance Tax at 40% above the nil-rate band (£325,000 in 2026/27, plus possible residence band). Executors must value holdings at the date of death in pounds sterling.

## Key facts
- HMRC treats most crypto as property for IHT.
- Value at date of death — not purchase price.
- Executors report on the IHT400 if tax is due.
- Spouse exemptions may apply for transfers to a spouse.

## Valuation

Executors need a sterling value for each holding on the date of death — usually from exchange records or reputable price data. Volatile assets make timing important.
## Reporting

If the estate exceeds the nil-rate band, executors file with HMRC. Crypto must be listed alongside other assets. Professional probate help is common for digital estates.

## FAQs
### Is crypto exempt from IHT?

No general exemption. Standard IHT rules apply unless a specific relief applies to the asset type.

## Sources

- [HMRC — Inheritance Tax](https://www.gov.uk/inheritance-tax)
- [HMRC — Cryptoassets Manual](https://www.gov.uk/hmrc-internal-manuals/cryptoassets-manual)

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— Digital Assets UK (https://digital-assets.co.uk/estate/inheritance-tax-crypto/), reviewed 2026-06-23. Source: https://www.gov.uk/inheritance-tax