What is recap.io?
Recap is a specialized cryptocurrency tax software designed specifically for UK investors. The platform provides comprehensive portfolio tracking capabilities, allowing users to monitor all their cryptocurrency transactions and assets in one centralized location. Users can see their entire crypto worth in pounds and analyze investment performance to optimize future decisions.
The software automatically calculates crypto tax reports by importing trading history from various exchanges and wallets. It applies HMRC-compliant rules including bed and breakfast and share pooling calculations. Users can preview their capital gains for free before generating complete tax reports with all necessary information for filing SA108 forms and completing tax returns. The platform supports secure data sharing with accountants and offers integration with major exchanges like Coinbase, Kraken, and Binance, along with on-chain support for Ethereum, Binance Smart Chain, and Polygon wallets.
Features
- Portfolio Tracker: Track entire cryptocurrency portfolio with real-time value tracking in pounds and performance analysis
- Tax Calculation: Automatically calculate capital gains and income taxes compliant with HMRC guidance and rules
- Data Integration: Support for major exchanges via API sync and on-chain wallet support for multiple blockchain networks
- Tax Reporting: Generate complete tax reports with all information needed for SA108 forms and tax returns
- Security Features: End-to-end encryption and secure data sharing capabilities with accountants
Use Cases
- Calculating cryptocurrency capital gains for UK tax filing
- Tracking cryptocurrency portfolio performance across multiple exchanges
- Preparing tax reports for HMRC compliance
- Sharing cryptocurrency transaction data securely with accountants
- Monitoring DeFi, NFT, and staking activities for tax purposes
FAQs
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How does Recap handle different types of cryptocurrency transactions?
Recap supports various transaction types including trading, DeFi rewards, NFT collections, mining, staking, futures, and margin trades with appropriate tax calculations for each. -
What security measures does Recap implement for user data?
Recap uses end-to-end encryption to protect user data and provides secure sharing options for collaborating with accountants. -
Can Recap handle historical tax years for reporting?
Yes, Recap provides historic tax reports and can calculate taxes for previous tax years as needed. -
What happens if I exceed the transaction limit on my plan?
The Basic plan supports up to 5,000 transactions annually, while the Pro plan offers unlimited transactions. Users can upgrade their plan if they exceed their current limit.
