Q.Do you pay tax on crypto in the UK?
A.Yes, HMRC considers most crypto gains taxable under Capital Gains Tax or Income Tax depending on activity.
Recap NFT Gallery offers a secure and automated way to track crypto portfolios and calculate UK tax obligations using AI-powered insights. It connects directly to exchanges like Coinbase and Binance, applies HMRC rules, and generates comprehensive tax reports for easy filing or accountant sharing.
Recap NFT Gallery with AI Appraisals is a crypto tax software and portfolio tracker that provides AI-driven valuations and detailed tax reports. It helps users manage their cryptocurrency assets, calculate tax liabilities, and generate HMRC-compliant reports. Designed for both casual investors and active traders, it supports major exchanges and wallets while ensuring data privacy.
A.Yes, HMRC considers most crypto gains taxable under Capital Gains Tax or Income Tax depending on activity.
A.You'll pay 10% or 20% Capital Gains Tax on gains above £12,300, depending on your tax bracket.
A.Recap automates tax calculations by finding fair market values, applying HMRC rules, and generating necessary reports.
A.Yes, crypto transactions are traceable through public ledgers, and HMRC has requested user data from exchanges.
A.Yes, they're considered taxable disposals and must be reported as capital gains.