# ERC20 transactions - what category for UK tax?

**URL:** https://discuss.koinly.io/t/erc20-transactions-what-category-for-uk-tax/10712
**Category:** Tax Questions
**Created:** [January 24, 2022, 12:33pm UTC](https://discuss.koinly.io/t/erc20-transactions-what-category-for-uk-tax/10712 "2022-01-24T12:33:43Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![Dave\_Zebec](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/dave_zebec/32/358_2.png) [@Dave\_Zebec](https://discuss.koinly.io/u/Dave_Zebec)
#### Post date: [January 24, 2022, 12:33pm UTC](https://discuss.koinly.io/t/erc20-transactions-what-category-for-uk-tax/10712/1 "2022-01-24T12:33:43Z")

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Working on my UK tax report. What category is a transaction where I take ETH from my wallet and buy a token on Uniswap or a similar DEX? Is it buy, trade or swap?

Also, what is the taxable event here, is it just the gain or loss when disposing of ETH?

Thanks in advance.

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### Author: ![chuqu](https://avatars.discourse-cdn.com/v4/letter/c/8491ac/32.png) [@chuqu](https://discuss.koinly.io/u/chuqu)
#### Post date: [January 25, 2022, 9:32pm UTC](https://discuss.koinly.io/t/erc20-transactions-what-category-for-uk-tax/10712/2 "2022-01-25T21:32:05Z")

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It’s a trade.

Yeah, you’re right about the taxable event, just remember that that also includes the ETH you paid as gas for the trade.

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### Author: ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)
#### Post date: [March 26, 2022, 9:32pm UTC](https://discuss.koinly.io/t/erc20-transactions-what-category-for-uk-tax/10712/3 "2022-03-26T21:32:38Z")

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