UK cryptocurrency taxes sorted
Import your trades and let Recap crunch the numbers. Recap calculates your capital gains using the share pooling method and gives you all the information and reports you need for your HMRC self assessment returns.
2019 Innovate UK
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next generation services
challenge winner
HMRC cryptocurrency
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roundtable contributors
Built in collaboration with UK accountants & crypto tax specialists
The basics of crypto tax for UK individuals
The lowdown on what’s taxable, how it should be treated, how and where to report and what rate of tax you can expect to pay.
Fast crypto tax facts
Useful links
What's actually taxable?
From selling to airdrops, here are the major crypto activities that need to be considered for tax in the UK.
Selling crypto for fiat
Trading crypto to crypto
Paying for goods & services with crypto
Mining crypto
Earning crypto
Rewards from staking, lending & referrals
Gifting or donating crypto
Airdrops
Found out more in our tax guide
How Recap works
1
Import your data
Connect to the top exchanges, upload CSV files and import transactions manually.
2
Check your gains and losses
See all your crypto holdings and view all historic trades and transactions. Check your capital gains.
3
Download your tax report
Get your full tax report ready for your accountant.
Frequently Asked Questions
- What does HMRC classify as a cryptoasset?
- HMRC defines cryptoassets as “cryptographically secured digital representations of value or contractual rights” that have the potential to be transferred, stored and traded electronically.
- What's a disposal?
- A disposal is the relinquishing of ownership of an asset during a transaction. For example, selling BTC is a disposal, since you no longer own the BTC. Whatever is received in return for the disposal is the disposal proceeds for tax purposes. Disposals can generate gains that are taxable under Capital Gains Tax.
- Which taxes apply to cryptocurrencies 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 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. Whatever you pay to acquire the asset are allowable costs for tax purposes. Acquisitions can generate income that are taxable under Income Tax.