Recap

Recap is a privacy-first crypto tax and portfolio tracker tailored specifically for UK traders and investors, with a distinctive twist: it integrates an NFT gallery and AI-driven appraisals directly into its tax calculation engine. While many crypto tax tools focus solely on transaction reporting, Recap attempts to bridge the gap between portfolio aesthetics and compliance, offering a unified dashboard where users can view their NFT holdings, receive market value estimates, and see how those assets affect their overall tax position. This makes it a niche but potentially powerful tool for anyone who holds non-fungible tokens alongside more traditional crypto assets and needs to report their gains to HMRC.

Where Recap stands out is its laser focus on UK tax rules. The platform automatically applies Section 104 pooling and bed and breakfasting rules, which are specific to HMRC’s treatment of cryptoassets. For UK-based users, this removes a significant headache: manually calculating cost basis across multiple trades and wallets. The tool also generates HMRC-compliant reports that can be shared directly with accountants, reducing the friction of tax season. The AI appraisals for NFTs are an interesting addition, though their utility depends on the accuracy of the underlying market data. For active NFT collectors, having estimated values integrated into the same system that calculates capital gains can save time and provide a more complete picture of net worth.

The workflow fits best for mid-to-high-net-worth individuals who trade or invest in crypto regularly but not at a frequency that would overwhelm the Basic plan’s 5,000-transaction limit. The Pro plan removes this cap, making it suitable for high-volume traders, but at a higher annual cost. Accountants and tax advisors serving UK crypto clients will appreciate the automated report generation and the ability to review positions without manual data entry. The tool connects automatically to major exchanges like Coinbase, Binance, and Uphold, though users with more obscure wallets or DeFi protocols may encounter connectivity gaps that require manual CSV imports.

However, Recap has clear limitations. Its tax engine is built exclusively for UK regulations, so users in other jurisdictions will find it irrelevant. The free tier is essentially a portfolio tracker and tax preview tool; full report generation requires a paid subscription. Privacy is a strong selling point—Recap emphasizes data encryption and does not store private keys—but this is table stakes for serious crypto tools. The AI appraisals for NFTs, while novel, should be treated as estimates rather than definitive valuations, and users should cross-check against market data before making decisions based on them.

For a practical buyer, the decision hinges on whether you are a UK-based crypto holder who also collects NFTs. If you are, Recap offers a rare all-in-one solution that reduces the number of platforms you need to manage. If you only trade conventional crypto, other UK-focused tax tools may offer similar functionality without the NFT angle. High-frequency traders should budget for the Pro plan, as the Basic tier’s transaction cap will likely be insufficient. Ultimately, Recap is a well-positioned tool for its target audience, but its geographic and feature-specific focus means it is not a universal solution.