Accurate and fast crypto tax reports
There’s no need to loose sleep over crypto tax - just import your data and Recap does the maths for you!
Calculate your crypto net gain/loss and income for free
Download your HMRC compliant crypto tax report in a click
Track your crypto tax liability throughout the year to avoid panic when its time to file
Understand how to reduce your crypto tax bill
Download your crypto tax report with everything you need to file
Recap automatically calculates your crypto taxes so you can generate a HMRC compliant tax report in a click.
Same day rule, bed & breakfasting rule and pooling rules applied
Accurate pricing valuations
Detailed downloadable capital gains and income reports and a breakdown of acquisitions and disposals
Easily reconcile your data for the most reliable crypto tax report
Recap intuitively suggests any discrepancies and missing transactions within your data, making fixing issues simple.
Duplicate transactions are recognised and automatically ignored
Any missing data is highlighted so you can fill in the gaps
Reclassify your transactions to ensure the correct tax treatment
Editable pricing valuations
Recap's fair market valuation methodology ensures accurate and auditable pricing for your assets
Our FMV method, powered by CryptoCompare, Coingeko, Kaiko and Oanda establishes the best valuation for your crypto assets.
Share data with your accountant without compromising privacy
Share your entire transaction history so your accountant can finalise your tax return without sending multiple CSVs back and forth.
no need to divulge crypto keys or private account and wallet information
only share the necessary information required for accurate tax calculations is shared
2 step verification process for extra security and you can revoke sharing at any time
FAQs
- How is cryptocurrency taxed in the UK?
The main taxes that apply to cryptocurrency gains or losses in the UK are Capital Gains Tax (CGT) and Income Tax. For the large majority of cryptocurrency users, CGT is the applicable tax.
- What's a disposal?
A disposal is the relinquishing of ownership of an asset during a transaction. HMRC have stated that selling crypto for fiat, trading one cryptoasset for another cryptoasset, gifting crypto and making purchases with crypto are taxable disposals. Disposals can generate gains and losses.
- What is an acquisition?
An acquisition is receiving of ownership of an asset during a transaction. For example, buying BTC is an acquisition, since you now own BTC.
- How much tax do you pay on crypto in the UK?
In the UK, you'll pay tax at a rate of 10% or 20% on capital gains that exceed the annual allowance. For crypto income you'll pay between 20% to 45% depending on your overall income.
- Can HMRC track my crypto?
Crypto is pseudonymous but transactions are visible on the ledger so HMRC may be able to track and trace your activity.
- Do exchanges report user information to HMRC?
Some crypto exchanges have been required to disclose user information to HMRC upon request.