BEST UK CRYPTO TAX SOFTWARE: Full Review of the Top 4 UK Crypto Tax Calculators

[@jesseinvesting8795]

Let me know which Tax Calculator is your favourite below!

[@mohane2330]

thanks for your answer, may I ask are we allowed to trade crypto in the UK using leverage, like using brokers ICmarkets for example

[@jesseinvesting8795]

@@mohane2330 I know there's a lot of regulation around so I need to do more research!

[@paulcampbell348]

Great video mate. Liked & subscribed :)

[@therightplace11]

Excellent info, very helpful, thank you :) Subscribed!🙂

[@SoulEscalator]

Very helpful. Thanks

[@Katie-sz5iq]

So happy I have come across your channel! very informative and LOVE the fact you've made your own comparison spreadsheet and shared it with us :)

[@jesseinvesting8795]

Thank you!

[@dizzydi1202]

GREAT VIDEO, CLEAR PRECISE INFO, KEEP UP THE GOOD WORK.

[@TheWobblyCameraGuy]

Well done - good video !

[@gavinchapman720]

Honestly so useful! Great video

[@pege7975]

Brilliant just what I was looking for 😊 thank you for a great video 👍

[@dar4171]

Thanks for the great video Jessie. Now to figure it all out 😅

[@ianhillsax]

Great video!!

[@ianhillsax]

Great video! Clear info and very accessible. I think more people will be searching out for this kind of info very soon as crypto adoption builds and compliance with tax regs becomes the norm.

[@jesseinvesting8795]

Thanks for the comment & supprt!

[@mrericpritchard]

Jesse, that was a super useful video. It was extremely clear and concise. It’s a yes 👍🏾 from me.

[@jesseinvesting8795]

Thank you

[@aefmiller]

brilliant thanks!

[@imr4nkhan]

Great content Jesse - good table breakdowns

[@jesseinvesting8795]

Thank you!

[@alannaolteanu4549]

Koinly has been my go to software. Time saver for sure

[@akbarsayed4725]

Excellent video explained in detail thank you

[@gralaw1965]

Great info thank you, for me it will be the Crypto Tax calculator

[@maxmont21]

Excellent, informative and comprehensive guide. Thank you very much.

[@jesseinvesting8795]

Thanks for the supprt!

[@mikedee5697]

Great informative vid. Thanks very much 👍🏼

[@jesseinvesting8795]

Thank you for the support 👍🏽

[@allfu5k3dup]

Thank you so much for this, excellent video and well put together

[@jesseinvesting8795]

Appreciate the support!

[@gillian5970]

Thank you 🙏

[@ddk2986]

Great informative video, I appreciate the breakdown of all the crypto tax exchanges. I subscribed and liked👍🏾

[@jesseinvesting8795]

Appreciate the support!

[@hllb]

please do an updated version on this!

[@kevinpurtill2416]

Great, very informative and understandable!

[@jesseinvesting8795]

Thank you!

[@d-boy1644]

Fantastic ❤

[@JohnSean007]

Jessie. I am looking at investing in crypto and do not want to upset the tax authorities. I am a dual citizen. Koinly free version allows you to buy two tax reports. UK and USA are covered. Maybe if you trade to a point where you have to buy a plan, the multiple option might disappear. I don't know.... Koinly forums complain about Binance tracking through API. I was wondering if you found this to be an issue?

[@petejames4672]

Koinly seems to be having problems sync with coinbase at the moment....my first try with it and it failed ... OK next

[@Bornlivemoveon]

Can’t trust koinly. Gives errors. Overrides previous years calcs.

[@azh9930]

Hi. Do all the software give you the £ or GBP option to see trades that might have been done with USD but converts it into GBP? Thanks I think that's important for UK tax payers. HMRC require trades to be converted to GBP to pay the tax.

[@jesseinvesting8795]

Hi, I believe so!

[@goldengoose4985]

Jessie, I have a question regarding tax if you can help. I understand all the rules about capital gains and bed & breakfast etc. But if you buy a coin eg USDC and swap for an alt coin. I think its then classed as income tax not CG tax. So I want to stake my alt coins also, so is this all classed as income tax? thats if you know. So would need to do self assessment tax return. Also do you know if the Koinly app recognizes that its income tax payable and sorts it all out when working out your gains?

[@stevecoinitin7521]

Excellent video Jesse. Can you please explain.....I work fulltime, earning £20k, so is the £12,300 Capital Gains bit on top of my tax code allowance, or is it the same thing? I've done hundreds of small trades, upto $50 a time, a few were same coin, same day buy/convert buy/convert! Am doing less trades now I've learnt more. Where do I stand as to what type of Crypto tax I need to pay? I have lost around $30 so far since May 2021. Am thinking of getting Crypto tax calculator software.

[@vernonweatherhead5602]

You pay Income tax on your £20k salary, you pay Capital Gains Tax on your crypto trading with a £12,300 allowance which is completely separate. If you are not making a profit over £12,300 in a year you don't pay any CGT. If you lose $30 in a year you don't need any Tax software...

[@b34astmotorz]

Very informative video! Thank you. Quick question, do any of these services allow you to backwards track your activity? Say for example I sign up to one of them now and connect all my exchanges… will they be able to create a tax report on my previous activities or is it only from the point at which your sign up…? Hope that makes sense

[@meeklofromthebarrio8638]

Yes this is what i want to know too

[@b34astmotorz]

@@meeklofromthebarrio8638 i found out the answer…I signed up to KOINLY and they are able to do this for all previous history of activity on any exchange 👍

[@michaell8835]

@@b34astmotorz Excellent, thank you, I was wondering about this too. Koinly looks like the best option for me so far.

[@brianhamilton4635]

Which package did you go for?

[@michaell8835]

@@brianhamilton4635 I went for koinly, and very impressed with it. Managed to handle the various exchanges, some I had to import manually, some more automatic. Really good at pulling historic data together, matching up transfers, and alerting if something doesn’t stack up (eg missing data). Turned out to be a great aid in getting everything ready for handover to my accountant. Only issue I did have was servers going very slow, but that seems to be due to everyone doing tax returns at last minute. Hopefully I’ll learn from that, and process ahead of deadline next time.

[@rs-qt1rv]

Thanks. Which app can look into transactions retrospectively for 1-2years also for UK. Is there an app which can calculate stock shares tax too (etoro, freetrade) in addition to crypto ? Thanks

[@jesseinvesting8795]

Koinly I believe gives you this. Not sure about stocks and shares 👍🏽

[@michalc9237]

Good reseaecg

[@mohane2330]

Great video, thank you....I joined Kionly...may I ask when it calculates the gains...does it take into the account the fees charged by coin vase/pro? or we need to calculate it manually

[@jesseinvesting8795]

It calculates the gains as and when you need. You’ll need to click refresh in the wallets section 👍🏽 And it should already take into account fees charged by an exchange

[@RichardSmith-wr6go]

Waste of time, the analytics page of some of the Dex's I use aren't even reliable so how will these super duper tax calculators stand a chance or sync up?

[@vibes-lofi]

Thanks for this video, I'm just wondering whether these calculators can track your trades retrospectively? As opposed to simply tracking from the day you purchase one of these tax software programs? Thanks

[@rosstee]

Yes they can, as long as you link them to whatever platform(s) you’ve been using.

[@jesseinvesting8795]

Yes exactly! Most go back at least 6 months and some even further 👍🏽

[@stevezm100]

hey jess another great video, with CGT threshold how would I gift my spouse my crypto so I can use their threshold? Can they give it back in the new tax year? thanks

[@chrisalexander4611]

CGT exemption for TY 23-24 is £6,000 not £12,300. TY 24-25 is £3,000.

[@roomshop6041]

Great Video. Koinly is saving me many days of my life!

[@jesseinvesting8795]

I know such a life saver!

[@Bornlivemoveon]

Koinly gives errors. Overrides previous years calcs

[@marynarkw]

Dear Jesse, is day crypo trading (thousands of transactions a year) subject to income tax or capital gain tax in the UK?

[@michaell8835]

My understanding, from reading the help pages on Koinly, is that you'd be classed as a 'private investor' day trader, and hence subject to capital gains tax on gains, due to the level of activity. The next level down with HMRC would be 'speculator' I think it was referred to, but only likely if a few transactions.

[@jesseinvesting8795]

Capital Gains Tax 👍🏽

[@gavintitley4440]

I'm very interested in this subject but from what I hear they either don't work or don't work well. They need to be 100%

[@Bornlivemoveon]

Agree. I am having trouble with errors using Koinly. It changes previous years CGT. Previous years crypto transactions have nothing to do with this years transactions. It should be now ignoring last year. The figures keep changing hence can’t inform UK Gov. Of the correct figure

[@Katie-sz5iq]

I agree. Koinly is defo the best.

[@petejames4672]

I presume as all 4 are in dollars they are all American companies.... i would have thought a British company would exist ? Great vid though

[@alanstadelmann4535]

Koinly!

[@Bornlivemoveon]

Gives errors don’t rely on it. Overrides previous years CGT

[@GameFeverFunHouse]

Token tax sounds like a scam

[@beyblader10171]

Koinly! It has a really nice UI and I don't need to pay money to begin importing my accounts and exchange API