Purpose
Recap is a cryptocurrency tax software and portfolio tracking tool for UK investors, designed to help users calculate capital gains tax and income tax and generate tax reports compliant with HMRC (HM Revenue & Customs) specifications. It emphasizes privacy first and is used by more than 50,000 investors.
Main Capabilities
Cryptocurrency Portfolio Tracking
- Track the entire cryptocurrency portfolio in one place, including all historical transactions and crypto assets.
- Provides real-time tracking, displaying the total portfolio value in pounds sterling.
- Analyze cryptocurrency performance to plan future investments.
Cryptocurrency Tax Calculation
- Automatically calculate capital gains and income tax.
- Complies with the latest HMRC guidelines, bed and breakfast rules, and share pooling rules.
- Free capital gains preview to help users determine whether they need to report.
- Generate tax reports containing everything needed to complete SA108 and file a tax return.
- Can securely share data with accountants and delegate filing.
Data Import
- Supports real-time API synchronization for major exchanges such as Binance, Coinbase, and Kraken.
- Supports on-chain data for Ethereum, Binance Smart Chain, and Polygon wallets.
- Other accounts can be imported via CSV.
- Officially claims to support 350+ exchanges.
How to Use
- Import data: Import transaction records via API, on-chain, or CSV, covering scenarios such as trades, DeFi rewards, and NFT collections.
- Calculate the numbers: The system automatically calculates taxes.
- Generate tax reports: Output reports compliant with HMRC specifications.
Resource Library
Provides UK cryptocurrency tax guides, including the complete 2025/26 guide, DeFi tax guide, NFT tax guide, capital gains tax explanations, etc., presented in plain language.
Applicable Scenarios
- UK investors need to calculate and report cryptocurrency taxes.
- Need to track a crypto portfolio across multiple exchanges and wallets.
- Want to generate HMRC-compliant reports and collaborate with accountants.
- Tax handling involving activities such as DeFi rewards and NFT collections.
Limitations
- Specific features, technical details, or application methods regarding "AI appraisals" are not yet provided in the official materials.
- In the product name,the "NFT gallery" is not elaborated in the official text, and related capabilities are not yet provided.
- Specific fees and pricing information are not yet provided.
- Details such as whether it is completely free and the specific data security measures (only the statement "privacy first" is available) are not yet provided.
- The complete list of supported exchanges and wallets is not yet provided; only some examples and an approximate number of 350+ are mentioned.
