# I gifted bitcoin to my adult child

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.

## Situation

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

## What to do
- Record gift date and sterling value
- Calculate Chris's gain for SA108 if reportable
- Tell your daughter her cost basis for future sales

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— Digital Assets UK (https://digital-assets.co.uk/scenarios/gifted-bitcoin-to-adult-child/), reviewed 2026-06-23.