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Recap has a comprehensive integration with Luno that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Luno account to securely monitor each transaction, manage your cryptocurrency portfolio, and effortlessly automate your taxes.
The legal bit: The information provided in this content does not endorse Luno. Furthermore, it does not constitute tax advice. If you are uncertain about any financial or tax-related matters, we strongly recommend seeking guidance from a qualified tax professional. Additionally, you may utilise our accountant and professional advisor sharing features.
What is Luno?
Luno.com is a cryptocurrency exchange platform that allows you to buy, sell, and store various cryptocurrencies. Founded in 2013, it emphasises a secure and user-friendly experience for both beginners and experienced investors.
Here's a breakdown of what Luno offers:
- Buying and Selling Crypto: Purchase and sell popular cryptocurrencies like Bitcoin and Ethereum directly on the platform.
- Secure Storage: Store your crypto holdings safely within Luno's wallet.
- User-Friendly Interface: Navigate the platform easily, regardless of your experience level.
- Focus on Security: Luno prioritises security measures to protect your digital assets.
How to automate your Luno crypto taxes with Recap
With our crypto tax software, calculating your taxes is stress-free. Connect your Luno account to Recap, and our system will classify and value all transactions and determine your tax liability based on your jurisdiction.
![luno](https://cdn.sanity.io/images/l3xzko5p/production/6003f405b36fbe729fb2a43cdcfff3aded558b12-225x225.jpg?w=640&q=75&fit=clip&auto=format)
How are Luno Transactions Taxed?
Tax implications on your Luno transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Luno:
Transaction type | CGT | Income | Tracked in Recap |
---|---|---|---|
Deposits | |||
Withdrawals | |||
Buying crypto with fiat | |||
Crypto to crypto | |||
Selling crypto | |||
Earning staking rewards |
Please take a look at our tax guides for a more detailed look at crypto tax rules.