About Recap
Recap — Recap NFT Gallery bridges the gap between your NFT portfolio and your taxes by showing you AI-driven appraisals alongside profit and loss for your whole portfolio. Recap uses this data to calculate your whole crypto tax position and your crypto-net worth. Recap is the most private crypto tax software and crypto portfolio tracker. Automatically connect Coinbase, Binance, Uphold and other exchanges & wallets.
Top use cases
- Calculate and report crypto taxes in the UK
- Track the value of your crypto portfolio in real-time
- Analyze trading performance and plan future investments
- Share tax reports with your accountant
Built for
Key features
- Crypto tax calculation
- Crypto portfolio tracking
- NFT gallery and appraisals
- Automatic exchange and wallet connection
- HMRC tax report generation
- Data encryption and privacy
Pros & cons
Pros
- Automated crypto tax calculation
- Support for major exchanges and wallets
- Private and secure data encryption
- Comprehensive portfolio tracking
- Free plan available
Cons
- Advanced features require a paid subscription
- Tracking portfolio can be addictive
Pricing
Free
$0
Track your portfolio and review your tax position for free!
Basic
$119/ year
All features are included for users with up to 5,000 transactions.
Pro
$219/ year
All features included no transaction limit - great for users with large trading volumes.
Company information
- Recap Company Recap Company name
- Recap Technologies Limited . More about Recap, Please visit the about us page(https://recap.io/about) .
- Recap Login Recap Login Link
- https://app.recap.io
- Recap Sign up Recap Sign up Link
- https://app.recap.io/signup
- Recap Pricing Recap Pricing Link
- https://recap.io/en-US/pricing
- Recap Facebook Recap Facebook Link
- https://facebook.com/recap.io/
- Recap Linkedin Recap Linkedin Link
- https://linkedin.com/company/recap.io/
- Recap Twitter Recap Twitter Link
- https://twitter.com/recap_io
- Recap Instagram Recap Instagram Link
- https://instagram.com/recap.io/
Frequently asked questions
Do you pay tax on crypto in the UK?
Yes, HMRC have confirmed that cryptoassets are taxable in the UK. Most crypto gains will be subject to Capital Gains Tax but sometimes Income Tax can apply. The tax treatment depends on the type of activity.
How much tax do I have to pay on crypto in the UK?
You will have to pay capital gains tax on your gains above the annual capital gains tax exemption (£12,300 for the 2021/22 tax year) at a rate of 10% or 20% depending on if you are a basic or higher rate tax payer. Note, the CGT exemption is not exclusive to crypto - capital gains from other property should also be included.
How does Recap help with crypto tax in the UK?
Recap calculates crypto taxes automatically providing peace of mind for crypto traders! Once you have imported all of your transactions, Recap finds the fair market value for your assets at the time of each trade, applies all HMRC rules (including Section 104 pooling and bed and breakfasting) and calculates your capital gains and income taxes! You can download all the tax reports needed to file your self assessment or share with your accountant.
Can HMRC track crypto?
Although crypto is pseudonymous, all transactions are visible on the online ledger meaning that activity is traceable and trails can lead back to an individual. KYC is also evolving, HMRC are known to have demanded user data from exchanges and have sent educational nudge letters to crypto users in their sight.
Are crypto to crypto trades taxable in the UK?
Yes. Crypto to crypto trades are classed as a taxable disposal and should be treated for capital gains tax.
Do I have to declare my crypto holdings to HMRC?
Providing you have not generated taxable disposals above the annual capital gains tax exemption, no, you do not need to declare your crypto holdings to HMRC. You may have purchased and now hold crypto that has increased in value, but until that gain is realised (when you make a disposal) it is not necessary to declare.
How do I report my crypto tax in the UK?
In the UK, crypto taxes should be reported via the self assessment tax return. The UK tax year runs from the 6th April to 5th April and the filing and tax deadline for reporting is 31st January of the following year. For example for the 6th April 2021 - 5th April 2022 tax year, the tax return is due on 31st January 2023.
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