diff --git a/app/controllers/admin/tags_controller.rb b/app/controllers/admin/tags_controller.rb
index f2c28328f86..f72a0325ab7 100644
--- a/app/controllers/admin/tags_controller.rb
+++ b/app/controllers/admin/tags_controller.rb
@@ -17,12 +17,15 @@ module Admin
       authorize @tag, :show?
 
       @time_period = report_range
+      @action_logs = Admin::ActionLogFilter.new(target_tag: @tag.formatted_name).results.limit(5)
     end
 
     def update
       authorize @tag, :update?
 
       if @tag.update(tag_params.merge(reviewed_at: Time.now.utc))
+        log_action_from_change if @tag.saved_changes?
+
         redirect_to admin_tag_path(@tag.id), notice: I18n.t('admin.tags.updated_msg')
       else
         @time_period = report_range
@@ -33,6 +36,13 @@ module Admin
 
     private
 
+    def log_action_from_change
+      action_log = current_account.action_logs.new(action: 'update', target: @tag)
+
+      action_log.recorded_changes = @tag.saved_changes.slice('usable', 'trendable', 'listable').transform_values(&:last)
+      action_log.save
+    end
+
     def set_tag
       @tag = Tag.find(params[:id])
     end
diff --git a/app/helpers/admin/action_logs_helper.rb b/app/helpers/admin/action_logs_helper.rb
index 76edb965a6a..592bc356553 100644
--- a/app/helpers/admin/action_logs_helper.rb
+++ b/app/helpers/admin/action_logs_helper.rb
@@ -37,9 +37,29 @@ module Admin::ActionLogsHelper
       end
     when 'Relay'
       link_to log.human_identifier, admin_relays_path
+    when 'Tag'
+      link_to log.human_identifier, admin_tag_path(log.target_id)
     end
   end
 
+  def chain_multiple_translations(action_log)
+    case action_log.target_type
+    when 'Tag'
+      %i(usable trendable listable).filter_map do |key|
+        fetch_key = permutation_of_key(action_log, key)
+        next if fetch_key.nil?
+
+        t "admin.trends.tags.#{fetch_key}"
+      end.join('; ')
+    end
+  end
+
+  def permutation_of_key(log, key)
+    return if log.public_send(key).nil?
+
+    log.public_send(key) ? key : :"not_#{key}"
+  end
+
   def sorted_action_log_types
     Admin::ActionLogFilter::ACTION_TYPE_MAP
       .keys
diff --git a/app/models/admin/action_log.rb b/app/models/admin/action_log.rb
index c32713bd0d3..f5dcff1834c 100644
--- a/app/models/admin/action_log.rb
+++ b/app/models/admin/action_log.rb
@@ -19,6 +19,8 @@
 #
 
 class Admin::ActionLog < ApplicationRecord
+  LOG_ATTRIBUTES = %i(usable trendable listable).freeze
+
   belongs_to :account
   belongs_to :target, polymorphic: true, optional: true
 
@@ -26,6 +28,8 @@ class Admin::ActionLog < ApplicationRecord
   before_validation :set_route_param
   before_validation :set_permalink
 
+  store_accessor :recorded_changes, *LOG_ATTRIBUTES
+
   scope :latest, -> { order(id: :desc) }
 
   def action
diff --git a/app/models/admin/action_log_filter.rb b/app/models/admin/action_log_filter.rb
index b912865cc85..deb80a93253 100644
--- a/app/models/admin/action_log_filter.rb
+++ b/app/models/admin/action_log_filter.rb
@@ -6,6 +6,7 @@ class Admin::ActionLogFilter
     account_id
     target_account_id
     target_domain
+    target_tag
   ).freeze
 
   INSTANCE_TARGET_TYPES = %w(
@@ -77,6 +78,7 @@ class Admin::ActionLogFilter
     update_user_role: { target_type: 'UserRole', action: 'update' }.freeze,
     update_ip_block: { target_type: 'IpBlock', action: 'update' }.freeze,
     unblock_email_account: { target_type: 'Account', action: 'unblock_email' }.freeze,
+    update_tag: { target_type: 'Tag', action: 'update' }.freeze,
     create_username_block: { target_type: 'UsernameBlock', action: 'create' }.freeze,
     update_username_block: { target_type: 'UsernameBlock', action: 'update' }.freeze,
     destroy_username_block: { target_type: 'UsernameBlock', action: 'destroy' }.freeze,
@@ -116,6 +118,8 @@ class Admin::ActionLogFilter
     when 'target_domain'
       normalized_domain = TagManager.instance.normalize_domain(value)
       latest_action_logs.where(human_identifier: normalized_domain, target_type: INSTANCE_TARGET_TYPES)
+    when 'target_tag'
+      latest_action_logs.where(human_identifier: value)
     else
       raise Mastodon::InvalidParameterError, "Unknown filter: #{key}"
     end
diff --git a/app/models/tag.rb b/app/models/tag.rb
index bc0ccdfb58f..ff0540cae2c 100644
--- a/app/models/tag.rb
+++ b/app/models/tag.rb
@@ -111,6 +111,10 @@ class Tag < ApplicationRecord
     @history ||= Trends::History.new('tags', id)
   end
 
+  def to_log_human_identifier
+    formatted_name
+  end
+
   class << self
     def find_or_create_by_names(name_or_names)
       names = Array(name_or_names).map { |str| [normalize_value_for(:name, str), str] }.uniq(&:first)
diff --git a/app/views/admin/action_logs/_action_log.html.haml b/app/views/admin/action_logs/_action_log.html.haml
index dcc33318092..2032a7ace31 100644
--- a/app/views/admin/action_logs/_action_log.html.haml
+++ b/app/views/admin/action_logs/_action_log.html.haml
@@ -4,8 +4,11 @@
       = image_tag action_log.account.avatar.url(:original), alt: '', width: 40, height: 40, class: 'avatar'
     .log-entry__content
       .log-entry__title
-        = t "admin.action_logs.actions.#{action_log.action}_#{action_log.target_type.underscore}_html",
+        = t("admin.action_logs.actions.#{action_log.action}_#{action_log.target_type.underscore}_html",
             name: content_tag(:span, action_log.account.username, class: 'username'),
-            target: content_tag(:span, log_target(action_log), class: 'target')
+            target: content_tag(:span, log_target(action_log), class: 'target'))
+        - if action_log.recorded_changes.present?
+          = t(chain_multiple_translations(action_log))
+
       .log-entry__timestamp
         %time.formatted{ datetime: action_log.created_at.iso8601 }
diff --git a/app/views/admin/tags/show.html.haml b/app/views/admin/tags/show.html.haml
index 0c8b2eaec0b..2096ed17bc7 100644
--- a/app/views/admin/tags/show.html.haml
+++ b/app/views/admin/tags/show.html.haml
@@ -90,3 +90,14 @@
 
   .actions
     = f.button :button, t('generic.save_changes'), type: :submit
+
+- if @tag.persisted?
+  %hr.spacer/
+
+  %h3= t('admin.instances.audit_log.title')
+  - if @action_logs.blank?
+    %p= t('accounts.nothing_here')
+  - else
+    .report-notes
+      = render partial: 'admin/action_logs/action_log', collection: @action_logs
+    = link_to t('admin.instances.audit_log.view_all'), admin_action_logs_path(target_tag: @tag.formatted_name), class: 'button'
diff --git a/config/locales/en-GB.yml b/config/locales/en-GB.yml
index d23cdd33dae..e69da74f1e1 100644
--- a/config/locales/en-GB.yml
+++ b/config/locales/en-GB.yml
@@ -243,6 +243,7 @@ en-GB:
         update_ip_block: Update IP rule
         update_report: Update Report
         update_status: Update Post
+        update_tag: Update Hashtag
         update_user_role: Update Role
         update_username_block: Update Username Rule
       actions:
@@ -313,6 +314,7 @@ en-GB:
         update_ip_block_html: "%{name} changed rule for IP %{target}"
         update_report_html: "%{name} updated report %{target}"
         update_status_html: "%{name} updated post by %{target}"
+        update_tag_html: "%{name} changed %{target} settings to: "
         update_user_role_html: "%{name} changed %{target} role"
         update_username_block_html: "%{name} updated rule for usernames containing %{target}"
       deleted_account: deleted account
diff --git a/config/locales/en.yml b/config/locales/en.yml
index e803e5c3ef1..726e5adb919 100644
--- a/config/locales/en.yml
+++ b/config/locales/en.yml
@@ -289,7 +289,11 @@ en:
         enable_relay_html: "%{name} enabled the relay %{target}"
         enable_sign_in_token_auth_user_html: "%{name} enabled email token authentication for %{target}"
         enable_user_html: "%{name} enabled login for user %{target}"
+        listable_tag_html: can be suggested
         memorialize_account_html: "%{name} turned %{target}'s account into a memoriam page"
+        not_listable_tag_html: won't be suggested
+        not_trendable_tag_html: won't appear under trends
+        not_usable_tag_html: cannot be used
         promote_user_html: "%{name} promoted user %{target}"
         publish_terms_of_service_html: "%{name} published updates to the terms of service"
         reject_appeal_html: "%{name} rejected moderation decision appeal from %{target}"
@@ -302,6 +306,7 @@ en:
         sensitive_account_html: "%{name} marked %{target}'s media as sensitive"
         silence_account_html: "%{name} limited %{target}'s account"
         suspend_account_html: "%{name} suspended %{target}'s account"
+        trendable_tag_html: can appear under trends
         unassigned_report_html: "%{name} unassigned report %{target}"
         unblock_email_account_html: "%{name} unblocked %{target}'s email address"
         unsensitive_account_html: "%{name} unmarked %{target}'s media as sensitive"
@@ -314,8 +319,10 @@ en:
         update_ip_block_html: "%{name} changed rule for IP %{target}"
         update_report_html: "%{name} updated report %{target}"
         update_status_html: "%{name} updated post by %{target}"
+        update_tag_html: "%{name} changed %{target} settings to: "
         update_user_role_html: "%{name} changed %{target} role"
         update_username_block_html: "%{name} updated rule for usernames containing %{target}"
+        usable_tag_html: can be used;
       deleted_account: deleted account
       empty: No logs found.
       filter_by_action: Filter by action
diff --git a/spec/helpers/admin/action_logs_helper_spec.rb b/spec/helpers/admin/action_logs_helper_spec.rb
new file mode 100644
index 00000000000..80075f76759
--- /dev/null
+++ b/spec/helpers/admin/action_logs_helper_spec.rb
@@ -0,0 +1,27 @@
+# frozen_string_literal: true
+
+require 'rails_helper'
+
+RSpec.describe Admin::ActionLogsHelper do
+  before { sign_in Fabricate(:admin_user) }
+
+  describe 'with Tags' do
+    let(:tag) { Fabricate(:tag, name: '#supertag') }
+    let(:account) { Fabricate(:account) }
+    let!(:log) { Fabricate(:action_log, target: tag, account: account, usable: false, listable: true) }
+
+    describe '#permutation_of_key' do
+      it 'returns different permutations for all different states' do
+        expect(helper.permutation_of_key(log, :usable)).to eq(:not_usable)
+        expect(helper.permutation_of_key(log, :trendable)).to be_nil
+        expect(helper.permutation_of_key(log, :listable)).to eq(:listable)
+      end
+    end
+
+    describe '#chain_multiple_translations' do
+      it 'returns translation keys for all different states' do
+        expect(helper.chain_multiple_translations(log)).to eq('Cannot be used; Can be suggested')
+      end
+    end
+  end
+end
diff --git a/spec/requests/admin/tags_spec.rb b/spec/requests/admin/tags_spec.rb
index 653c5bd9356..cca633d83f1 100644
--- a/spec/requests/admin/tags_spec.rb
+++ b/spec/requests/admin/tags_spec.rb
@@ -3,9 +3,9 @@
 require 'rails_helper'
 
 RSpec.describe 'Admin Tags' do
-  describe 'PUT /admin/tags/:id' do
-    before { sign_in Fabricate(:admin_user) }
+  before { sign_in Fabricate(:admin_user) }
 
+  describe 'PUT /admin/tags/:id' do
     let(:tag) { Fabricate :tag }
 
     it 'gracefully handles invalid nested params' do
@@ -15,4 +15,17 @@ RSpec.describe 'Admin Tags' do
         .to have_http_status(400)
     end
   end
+
+  describe 'update tag' do
+    let(:tag) { Fabricate :tag, name: '#supertag' }
+
+    it 'redirects to tag page and saves update log action for all attribute statuses' do
+      put admin_tag_path(tag.id, params: { tag: { trendable: true, listable: false } })
+
+      expect(response).to have_http_status(302)
+      expect(Admin::ActionLog.last.human_identifier).to eq('#supertag')
+      expect(Admin::ActionLog.pluck(:action)).to eq(%w(update))
+      expect(Admin::ActionLog.pluck(:recorded_changes)).to eq([{ 'listable' => false, 'trendable' => true }])
+    end
+  end
 end