Recap

Recap is the UK's only crypto tax calculator built and backed by UK crypto tax professionals. It was founded in 2018 to address a critical gap in the market: the lack of a crypto accounting tool designed specifically for UK tax rules that also respected user privacy. Recap offers a comprehensive solution for UK-based crypto investors to track their entire portfolio in one place and effortlessly manage their tax obligations.

The platform is more than just a tax tool; it's a powerful portfolio tracker that provides a real-time, consolidated view of all your crypto investments in pounds (GBP). This allows users to analyze portfolio performance and make informed decisions. At its core, Recap is driven by a mission to simplify crypto taxes without compromising user privacy. It operates on a principle of self-custodianship, using end-to-end encryption to ensure that only the user can access their financial data. The company itself never sees or stores unencrypted user information.

How to use Recap

Recap simplifies the complex process of crypto tax calculation into three straightforward steps:

1. Import your data: Connect all your crypto accounts with ease. Recap supports real-time API synchronization with major exchanges like Coinbase, Kraken, and Binance. It also offers on-chain support for wallets on Ethereum, Binance Smart Chain, and Polygon, automatically tracking DeFi activities and NFTs. For any unsupported platforms, a flexible CSV importer is available.
2. Crunch the numbers: Once your transaction history is imported, Recap's engine instantly gets to work. It automatically categorizes transactions and calculates your capital gains and income taxes according to the latest HMRC guidance, including complex scenarios like the 'bed and breakfast' rule and Section 104 share pooling. The platform also includes data error checking to identify potential issues like negative balances or missing acquisitions.
3. Generate your tax reports: With a single click, generate a comprehensive tax report. This report contains all the necessary information to fill in your SA108 form for your self-assessment tax return. You can preview your capital gains for free to see if you need to file, and paid plans allow you to download unlimited reports for the current and all previous tax years. You can also securely share your data and reports with your accountant directly through the platform.

Core Features of Recap

• HMRC-Compliant Tax Calculations: Specifically designed for UK tax law, automatically applying rules for share pooling, bed and breakfasting, and capital gains.
• Comprehensive Portfolio Tracker: Get a real-time, unified view of your entire crypto portfolio's value in GBP across all connected exchanges and wallets.
• Automated Tax Reporting: Generates detailed capital gains and income tax reports, simplifying the process of filing your self-assessment tax return.
• Wide Integration Support: Connects via API to major exchanges, syncs with blockchain wallets (Ethereum, BSC, Polygon), and supports CSV uploads for full coverage.
• DeFi, Staking & NFT Tracking: Automatically handles complex transactions from DeFi protocols, staking rewards, liquidity pools, and NFT trades.
• End-to-End Encryption: A core commitment to privacy ensures that your financial data is encrypted and only you can access it.
• Accountant Collaboration Portal: Securely share your financial data with your tax professional, streamlining the review and filing process.
• Data Integrity Checks: Built-in warnings for negative balances, missing transaction data, and other potential errors to ensure accuracy.

Use Cases for Recap

Recap is ideal for a wide range of users in the UK:

• Individual Crypto Investors: Anyone holding, trading, or selling cryptocurrency who needs to accurately report their capital gains and income to HMRC.
• Active Traders: High-volume traders who need an automated solution to handle thousands of transactions across multiple platforms.
• DeFi Participants: Users earning rewards from staking, lending, or providing liquidity who need to correctly classify and report this income.
• NFT Collectors and Traders: Individuals buying and selling NFTs who must calculate capital gains on each disposal.
• Accountants and Tax Advisors: Professionals who manage crypto tax reporting for multiple clients and need an efficient, reliable, and compliant tool.

Advantages of Recap

Recap's key advantages stem from its specialized focus and commitment to privacy:

• UK-Specific Expertise: As the only UK-based tool, it provides unparalleled accuracy and compliance with ever-evolving HMRC regulations.
• Time and Effort Savings: It automates what would be a monumental manual task of tracking and calculating taxes on every single transaction.
• Enhanced Privacy and Security: End-to-end encryption gives users peace of mind that their sensitive financial data is secure and private.
• Holistic Financial Overview: Combining portfolio tracking with tax calculation offers a complete picture of your crypto wealth and liabilities.
• Clarity on Complex Taxes: Demystifies the tax implications of advanced crypto activities like DeFi and NFTs, providing clear guidance and calculations.

Pricing and Plans

Recap offers a simple and transparent pricing structure with a 30-day money-back guarantee.

• Free Plan (£0): Track your portfolio, connect unlimited accounts, and preview your tax position for free. Ideal for getting started and understanding your potential tax liability.
• Basic Plan (£119/year): Includes all features of the Free plan plus downloadable tax reports for up to 5,000 transactions. This covers current and all previous tax years.
• Pro Plan (£219/year): Offers all features with no transaction limit, making it perfect for active traders and users with extensive transaction histories.

All paid plans include unlimited integrations, end-to-end encryption, support for DeFi, staking, and futures, and the ability to download reports for all tax years. A 20% discount is available for 2-year subscriptions.