Disclaimer: This article is intended as an informative piece. This is not accounting or tax advice. Please speak to a qualified tax professional about your specific circumstances before acting upon any of the information in this article.
HMRC has not yet given guidance on this. It seems feasible to ourselves and accountants that we worked closely with to create our comprehensive UK cryptocurrency tax guide that the cost of a crypto tax calculator, such as Recap, would come underneath the “costs of making a valuation or apportionment to be able to calculate gains or losses” section of allowable incidental costs.
However, we would advise you to speak with your accountant when deciding whether to include the cost of Recap as an incidental cost on your tax return.
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