# Kraken ETH staking taxable event in UK?

**URL:** <https://discuss.koinly.io/t/kraken-eth-staking-taxable-event-in-uk/24865>\
**Category:** Tax Questions\
**Created:** [March 15, 2025, 1:28pm UTC](https://discuss.koinly.io/t/kraken-eth-staking-taxable-event-in-uk/24865 "2025-03-15T13:28:17Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![shmod](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/shmod/32/255_2.png) [@shmod](https://discuss.koinly.io/u/shmod)\
**Post date:** [March 15, 2025, 1:28pm UTC](https://discuss.koinly.io/t/kraken-eth-staking-taxable-event-in-uk/24865/1 "2025-03-15T13:28:18Z")

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Hi, in the context of realising losses for the current tax year, is staking ETH on Kraken a taxable event for the whole amount of ETH that is staked and such would it allow loss harvesting?

Thanks

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**Author:** ![Aria\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/aria_koinly/32/9150_2.png) [@Aria\_Koinly](https://discuss.koinly.io/u/Aria_Koinly)\
**Post date:** [March 16, 2025, 3:53pm UTC](https://discuss.koinly.io/t/kraken-eth-staking-taxable-event-in-uk/24865/2 "2025-03-16T15:53:33Z")

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Hi @shmod

Whether staking ETH on Kraken is a taxable event depends on your jurisdiction, and Koinly does not provide tax advice. You should consult a professional accountant to determine if your ETH staking qualifies as a taxable event in your specific case.

If you want ETH \> ETH2 transactions to be treated as tax-free in Koinly, you can apply the Swap tag to them. This ensures Koinly does not count it as a disposal.  
[  
What are Tags  
 ](https://support.koinly.io/en/articles/9490023-what-are-tags)

Read more about staking in Koinly in [Staking and farming tokens](https://support.koinly.io/en/articles/9490056-staking-and-farming-tokens).

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**Author:** ![Kent](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/kent/32/13528_2.png) [@Kent](https://discuss.koinly.io/u/Kent)\
**Post date:** [March 30, 2025, 2:43pm UTC](https://discuss.koinly.io/t/kraken-eth-staking-taxable-event-in-uk/24865/3 "2025-03-30T14:43:55Z")

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Transaction is tagged as swap with “stakingfromspot” but still shows up in CGT report, what am I missing?

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**Author:** ![Aria\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/aria_koinly/32/9150_2.png) [@Aria\_Koinly](https://discuss.koinly.io/u/Aria_Koinly)\
**Post date:** [March 30, 2025, 3:05pm UTC](https://discuss.koinly.io/t/kraken-eth-staking-taxable-event-in-uk/24865/4 "2025-03-30T15:05:21Z")

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Hi Kent,

Apologies for overlooking that you’re in the UK. The **Swap** tag does not work for accounts using the **Shared Pool cost basis method** , which applies to UK users.

If you want to make your **ETH → ETH2** transactions tax-free, you can:

1- Use the [Change Currency](https://support.koinly.io/en/articles/9490042-change-currency-if-koinly-imported-the-wrong-token) feature to change ETH2 to ETH.

2- Then you will have some ETH → ETH trades since ETH2 has been replaced by ETH.

3- Delete all ETH → ETH trades.

This way, you simply remove ETH2 from the equation, however, I suggest you consult your tax accountant to see if this can be applied to your transactions.

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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:** [May 29, 2025, 3:05pm UTC](https://discuss.koinly.io/t/kraken-eth-staking-taxable-event-in-uk/24865/5 "2025-05-29T15:05:36Z")

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