Cryptoasset Tax
Specialist cryptoasset tax support within a wider personal tax practice
Support for individuals who need carefully prepared crypto calculations, clearer records, earlier-year corrections or help responding to HMRC.
Contact
Complex data needs careful tax analysis.
Cryptoasset activity can span exchanges, wallets, chains and decentralised platforms. Software is useful, but its output depends on the quality and classification of the underlying data. Sat Tax combines record review with tax analysis and keeps the crypto position connected to the individual’s wider affairs.
How we can help
Four areas of specialist cryptoasset tax support
Crypto Tax Returns
Calculation and reporting support for cryptoasset disposals, income and other relevant activity within Self Assessment.
Crypto Reconciliation
Structured review of exchange and wallet data, transfers, classifications, gaps and software outputs before figures are relied upon.
Crypto Disclosures
Support correcting earlier tax years where cryptoasset income or gains were omitted or inaccurately reported.
HMRC Crypto Enquiries
Assistance understanding HMRC requests, assembling relevant evidence and preparing clear, supportable responses.
Typical circumstances
When specialist crypto support may be appropriate
Activity is spread across several exchanges and wallets and the calculated figures do not reconcile.
Transactions include staking, DeFi, NFTs, bridging, airdrops or other activity requiring classification.
Earlier-year crypto gains or income may not have been reported correctly.
HMRC has requested records, calculations or explanations relating to cryptoasset activity.
Our approach
A clear and controlled process
Understand the position
We establish the relevant tax years, platforms, wallets, transaction types, existing reports and any HMRC deadlines.
Review and prepare
Data is gathered and reconciled proportionately, tax treatments are considered and calculations are prepared or reviewed.
Explain and complete
The resulting position, assumptions, limitations and required reporting or response are explained before completion.
Information that may be needed
Good information supports a defensible result.
Crypto work is usually most efficient when complete source data is retained. Screenshots or summary tax reports alone may not show enough to verify the underlying position.
- Exchange transaction-history exports
- Public wallet addresses and wallet exports
- Existing crypto tax software files or reports
- Bank statements or fiat funding evidence where relevant
- Prior tax returns and earlier calculations
- HMRC letters, disclosure references and relevant correspondence