Recap has a comprehensive integration with VALR that makes it easy to manage your crypto tax calculations. Connect your VALR account to Recap to import your full history and automate your taxes. From 2026, tax authorities are widening the automatic reporting of crypto under frameworks such as the OECD's Cryptoasset Reporting Framework (CARF), so keeping an accurate record matters more than ever.
Disclaimer
The information provided in this content does not endorse VALR. 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. You can also share your Recap account with your accountant or tax adviser directly.
Why VALR tax can be difficult to calculate manually
VALR combines simple buying, active trading and staking rewards, and that mix is what makes its tax position harder to pin down than it first looks. A few things tend to trip people up:
Income events and disposals
- Staking rewards land as income. Rewards are treated as income at their value on the day you receive them, and that value also becomes their cost basis, so only later growth counts as a gain. They arrive as a steady drip that is easy to leave in the account and overlook.
- Crypto-to-crypto trades are disposals. Swapping one asset for another is a disposal even though no ordinary money changes hands, and it is easy to treat as a simple switch.
Trading volume and history
- Active trading volume. Frequent traders build up many buys and sells, and every disposal is measured against a cost-basis pool built from the whole history.
- A long, multi-asset history. Buys, sells, trades and rewards can stretch back across many assets, which makes an accurate cost basis hard to rebuild from exports by hand.
How to import your VALR data into Recap
Connect your VALR account to Recap by API and we import your full history automatically, including trades, staking rewards, deposits and withdrawals, however far back your account goes. Recap classifies and values every entry with our fair-market valuation engine and applies the tax rules for your jurisdiction, separating what is income from what is a capital gain.
Auto Sync with VALR How are VALR transactions taxed?
Tax treatment depends on the transaction type and where you are tax resident. Here is how the main VALR activities are generally treated:
Default treatment by transaction type
| Transaction type | CGT disposal | CGT acquisition | Income |
|---|---|---|---|
| Deposits | CGT disposal: no. A plain deposit generates no capital gains events in Recap. VALR crypto deposits carry no fee in the API, and fiat (ZAR) deposit fees are in fiat, which is never a chargeable asset. | CGT acquisition: no | Income: no |
| Withdrawals | CGT disposal: no. Sending funds out is not itself a disposal. VALR charges the network fee on crypto withdrawals in the coin withdrawn, and Recap records that fee as a small disposal of that asset at market value; fiat withdrawal fees are in fiat and are never chargeable. | CGT acquisition: no | Income: no |
| Buying crypto with fiat | CGT disposal: no. Paying away ZAR or another fiat currency is not a chargeable disposal. Where VALR charges the trading fee in the crypto bought, Recap records that fee as a separate small disposal of that asset. Recap's default: fee kept as its own disposal. Configurable: the 'deduct trade fees' setting nets a same-asset fee off the amount acquired instead. | CGT acquisition: yes. The crypto enters the section 104 pool at the fiat value of the trade, with the trading fee added as allowable cost when the fee is charged in the asset bought. | Income: no |
| Crypto to crypto | CGT disposal: yes. The coin sold is disposed of at the trade's market value; any trading fee charged in crypto is recorded as a further small disposal of the fee asset. | CGT acquisition: yes. The coin bought enters the pool at the same value. Recap's default for portfolios created after 25 May 2022 values the trade from the quote-side asset. Configurable: the HMRC trade valuation setting can value from the disposed side instead. | Income: no |
| Selling crypto for fiat | CGT disposal: yes. Disposal of the crypto sold at the fiat proceeds; VALR's fee is normally charged in the fiat received and is deducted as allowable cost, and where it is charged in the coin sold it becomes a further small disposal of that asset. | CGT acquisition: no. Receiving fiat is not a chargeable acquisition, since fiat is never treated as a chargeable asset. | Income: no |
| Staking rewards | CGT disposal: no | CGT acquisition: yes. The reward also enters the section 104 pool at the same market value, so that value becomes its acquisition cost for a later sale. | Income: yes. Recap records VALR staking, spot-lending interest and similar reward credits as income at the market value on the date received. Any transaction can be recategorised to a different type in the app if it should be treated another way. |
| Transferring between your own accounts | CGT disposal: no. Moving funds between your own VALR subaccounts, or between VALR and another account you own, produces no disposal or acquisition. Recap maps VALR internal transfers with a zero fee; on transfers matched across accounts any crypto network fee is a disposal of the fee asset, and an unexplained shortfall or surplus in the amount received is recorded as a transfer excess. | CGT acquisition: no | Income: no |
This table shows how Recap classifies each transaction type by default. Some treatments — such as the acquisition cost used for airdrops — are configurable in Recap. This is general information, not tax advice; consult a qualified tax professional about your circumstances.
This table shows Recap's default classification for common VALR transactions. It is not an exhaustive schedule or a ruling. Treatment depends on your circumstances and jurisdiction, and you can recategorise any transaction where yours differ. Confirm your position with a qualified tax adviser.
Selling crypto for fiat is a disposal, while swapping one crypto asset for another is both a disposal of what you give up and an acquisition of what you receive, each measured against your cost-basis pool. Staking rewards are treated as income at their value on the day you receive them, and that same value becomes their cost basis, so only later growth shows up as a capital gain. Transfers between your own accounts are not disposals.
Refer to our tax guides for a more detailed look at crypto tax rules.
What's in your VALR tax report
Recap turns your full VALR history into a single tax report: capital gains, losses and income worked out under the rules for your jurisdiction, high-volume trading pooled correctly, staking rewards valued on the day they arrived, and a clear year-by-year summary you can file yourself or hand straight to your accountant.
Common VALR tax challenges and how Recap solves them
VALR accounts produce a few recurring tax problems. Here is how Recap handles each one:
How Recap handles income and disposals
- Staking rewards as income. Rewards land as many small income events. Recap values each one at the point you receive it, so none are missed.
- Crypto-to-crypto trades. Coin-for-coin trades are disposals, not simple swaps. Recap calculates the gain or loss on each one automatically.
How Recap handles volume and history
- Active trading volume. Many trades are slow to reconstruct by hand. Recap imports the whole history and reconciles every disposal.
- A long, multi-asset history. Years of activity across many assets are slow to rebuild. Recap pools every disposal into a single cost-basis position.
Why VALR users choose Recap
VALR users often choose Recap because simple buys, active trades and staking rewards each need handling differently for tax, which is painful to reconcile by hand. Rather than piecing it together, you can connect by API and see your gains, losses and income reconciled in one report, ready to file or share with your accountant.
