Unified Platform for Crypto Tax and Accounting

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  • Post category:Fin Tech

Bitcoin is an exchange token used as a payment mechanism, much like many other exchange tokens. You will still be responsible for paying Capital Gains Tax on any profits you generate, even if you hold crypto investments like Bitcoin for personal use. The platform offers a free pricing plan that allows for up to 25 transactions each month. Prices for an annual subscription start at $49 and go up to $999, with the difference reflecting the number of transactions the tool will calculate. The platform offers a free pricing plan that allows for a maximum of 10,000 transactions .

crypto tax uk software

Regardless of your profession, education, or level of crypto acumen, we know you value learning about the digital asset industry, which is why we built Lukka Library. This free product is available for anyone https://xcritical.com/ interested in learning more about the crypto market and the future of finance. The industry’s leading crypto asset data management software built to simplify your middle and back office operations.

How Does HMRC Know About Your Crypto Assets?

Unlock new features of Photoshop and boost your creativity with the help of Photoshop plugins. Here’s the list of free and paid plugins for your design needs. The best thing with Tax.Crypto is that there is no paid subscription. This utility has native support for Germany, the UK, the USA, Canada, and Australia.

The software should help you track your transaction history. This post is for informational purposes only and should not be construed as tax or investment advice. Please speak to your own tax expert, CPA or tax attorney on how you should treat taxation of digital currencies. Keep in mind, the HMRC requires you to keep records of all of your cryptocurrency transactions for at least a year after the Self Assessment deadline.

Paid in crypto

Did my taxes in a few hours and going to my tax guy tomorrow. Koinly tax software allows users to track their crypto investments using actual ROI and invested fiat. Besides, it offers a detailed income overview of your income-generating activities, such as mining, staking, etc. In the United Kingdom, capital losses can be used to offset your capital gains for the year. If you have a net loss for the year, it can be carried forward into future tax years. SoftLedger helps organizations operate more effectively.

  • Coin Trade Ledger allows you to upload your data to generate profit & loss tax reports.
  • Remember, your first £12,300 of capital gain is tax-free.
  • CoinLedger calculates your gains through mining, staking and airdrops.
  • It offers various insight tools and effortlessly manages your crypto portfolio.
  • We support more than 300 exchanges and 2500 cryptocurrency.
  • These averages can be used to calculate your cost basis per coin.

Crypto tax software helps you by tracking, managing, and calculating the gains or losses on your crypto transactions. Your funds are not accessible through crypto tax software, they are read-only, so this keeps your assets safe from hacks or theft. This example demonstrates this problem at a small scale. Transfers happen all of the time, and it’s the transferability of crypto that makes it difficult for cryptocurrency exchanges to report capital gains and losses on your behalf. With data requests to crypto exchanges in the United Kingdom, HMRC may learn who holds crypto assets.

A global network, locally supported

We will add your exchange to our list if we don’t have it. It is easy to upload transaction history with custom CSV or API parsers for hundreds exchanges, blockchains and wallets. Are you worried about how to avoid crypto taxes UK missing or stolen funds What is DeFi? Our automatic categorization algorithm will help you to identify DeFi? Our detailed reports provide a breakdown of realized capital gains as well as income.

A comprehensive set of security masters from exchanges and other sources across the crypto ecosystem. Institutional-quality crypto asset data with a focus on comprehensive coverage, accuracy, and completeness. Learn about our security and data protection measures, regular compliance checks through internal reviews and audits, and the availability of our cloud services worldwide.

Taxes on Crypto Income – Mining and Staking

In addition, the platform offers a wide range of tools that assist you in tracking and managing your crypto taxes in a simple and user-friendly manner. CoinTracking tax software allows you to import data from more than 110 exchanges and supports direct sync with the blockchain. Further, it will enable you to export files in various formats like CSV, XML, PDF, etc. The chosen cryptocurrency tax software should provide tools for studying crypto coins and trading tools like charting. The crypto tax software you choose should allow you to seamlessly upload multiple CSV files and data and connect APIs and wallets.

crypto tax uk software

TaxBit is the leading provider of forms 1099 in the cryptocurrency space. Regulatory agencies use TaxBit to assist with cryptocurrency tax matters. Crypto tax software is a type of software designed to help users calculate and file their taxes on digital currency transactions. It automates the process of calculating capital gains and losses from digital currency transactions, as well as providing guidance on how to accurately report them on tax returns. Crypto tax software is available for both individual and business users.

Calculating cost basis

One can add wallets and API keys to sync the transactions. One good thing with this tool is that even the free tier has the same features as the topmost subscription plan. The only limitation you get is the number of transactions with its free forever plan.

It offers various insight tools and effortlessly manages your crypto portfolio. Further, you get an asset allocation chart that suggests what crypto asset you should buy next. Besides, it effectively recognizes transfers within your exchange accounts/wallets and keeps all traces of original acquisition costs when you exchange cryptocurrencies. Further, Cointracking cannot access your withdrawal rights on the exchanges you connect with the app.

We have an annual subscription which covers all previous tax years. If you need to amend your tax return for previous years you will be covered under the one payment. We also offer a 30 day 100% money back guarantee, where if you contact our support team you can collect a full refund.


Coinpanda supports also all major blockchains including Ethereum, Binance Smart Chain, and Polygon. After importing all transactions, simply generate your tax report with the click of a button. Our platform supports also tax calculations for futures and margin trading, DeFi, and NFTs.

crypto tax uk software

Besides, the pricing structure in the platform works with the yearly subscription method, and all the plans come with a 30-day money-back guarantee if you are unsatisfied with it. CryptoTaxCalculator provides a complete breakdown of each calculation. It quickly makes you understand how exactly your taxes are calculated and what rules it applies. CryptoTaxCalculator works in such a way that it can understand your tax obligations.

Compare the best Crypto Tax software in the UK currently available using the table below. Set up alerts and analyze your portfolio to get real-time insight. Get a market overview and track coins in your watchlist.


SoftLedger allows organizations to operate more efficiently. Our cloud-native platform for business management and APIs allows organizations to connect their operations with financials. This includes a full-featured general ledger, accounts receivable and accounts payable, inventory management and crypto asset management.

It is difficult to accurately track the performance of your crypto assets and calculate taxes. Connect all your wallets, exchanges, and DeFi platforms directly. We automatically and continuously sync your crypto transactions and balances. Our technology supports fee tracking and margin trading.

We can use the equation from above to calculate Emma’s capital gain from the sale of her 1 ETH in October. We’ll find every tax deduction and credit you qualify for to boost your tax refund. UK Crypto investors who’ve left their taxes to the last minute have less than a day before the HMRC deadline hits. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.