5 Best Crypto Tax Software UK for Hassle-Free Tax Filing in 2025
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It’s the year 2025, and you are still stuck at mediocre tasks like tax filing? Fortunately, there are software solutions out there that can help you calculate, report and seamlessly manage your cryptocurrency taxes.
To know more, one can consult a professional crypto tax advisor, such as MMBA crypto experts.
Introduction to Crypto Taxation
As the crypto landscape continues to evolve and develop, crypto tax software has emerged as an indispensable tool for digital investors, and it streamlines the complex process of calculating, reporting, and filing taxes on crypto income effectively.
Crypto tax software saves you from the pain of manually calculating crypto taxes. Through automated tools and support from professionals, these UK crypto tax software offer retail and institutional clients the much-needed guardrail to fulfil their tax obligations.
Best 5 Crypto Tax Softwares
Now that you know how important a good tax software is to help you cut crypto losses and reduce taxes. A good portfolio tracker should be able to save hours and penalties on all your wallets, subject to capital gains, tax rates, and crypto transactions.
1. CoinLedger | Accurate and Reliable Tax Reporting and Compliance
CoinLedger is a crypto tax tool that enables users to calculate and submit the applicable tax on their capital gains. At the forefront of its services are the free portfolio tracking feature and automated tax imports. It also features integration with DeFi and NFT projects.
Pricing
CoinLedger offers two pricing packages for clients.
- Portfolio tracking: Free
- Hobbyist: £36.51
- Investor: £73.76
- Pro: £148.26+
Professional Services:
- Expert Review: £371.76
- Done for you: £372.51/hour
- Tax Return Prep: Starts at £745.01
2. CoinTracking | Comprehensive Portfolio Management and Tax Reporting
CoinTracking is one of the most popular options for calculating your cryptocurrency taxes, with over a million registered users. As well as offering real-time reports on profit and loss, the overall value of your coins, CoinTracking allows you to generate tax reports for a number of tax regimes, including the UK.
Pricing
- Free plan: $0 (up to 200 transactions)
- Starter: $49 / year
- Pro: $159 / year (up to ~3,500 transactions)
- Expert: $239 / year (for higher volumes such as 20k, 50k, or 100k tx)
- Unlimited: $839 / year (unlimited transactions)
- Lifetime / multi-year options exist (one-time payments) for some tiers
3. Koinly | User-friendly Interface and Support for Various Crypto Assets
Koinly is a popular offering which allows users to prepare crypto tax reports for many jurisdictions, including the UK. The tool has an enormous number of exchange, wallet and blockchain connections, and even allows you to connect to other crypto tax calculators and savings products like Nexo.
Pricing
- Free plan: $0 (basic features, preview only)
- Newbie/entry paid plan: $49 / year
- Hodler plan: $99 / year
- Trader (or advanced) plan: $199 / year
- (Sometimes “Pro” or higher tiers: e.g. up to 100,000 transactions)
4. Crypto Tax Calculator | Accurate Calculation of Capital Gains and Losses
Another very similar product is CryptoTaxCalculator, which works in much the same way as the others listed here. This service also covers NFTs as well as a range of decentralised finance (DeFi) activities.
Pricing
- To access automated smart contract / on-chain / DeFi transactions: $129 / year (minimum)
- For investor / advanced features (cost basis switches, etc): $249 / year
- Free version: available, but with limited features (you can import and see data, but key report/download features are locked)
5. TokenTax | A Full-service Accounting Firm for Crypto Tax Needs
TokenTax is a crypto tax software that allows users to manage their portfolio and access their tax loss harvesting dashboard. Living up to its commitment to feature any crypto exchange, the platform enables users to upload the CSV (comma-separated value) through its CSV template manually. Aside from crypto, the crypto tax tool also covers taxes on DeFi protocols and NFT projects.
Pricing
- Basic (Just Crypto): $65 / year (up to ~100 transactions)
- Premium (with more volume, extra features): $199 / year (up to ~5,000 transactions)
- Pro: $1,999 / year (up to ~20,000 transactions)
- There are also higher / enterprise plans beyond that for very active traders or businesses
What to Look for in Crypto Tax Software
The HMRC classifies crypto as a taxable asset. This means those struggling with net capital gains, tax regulations, tax returns, tax forms and importing transactions need an automated income tax software for crypto tax burden. In the UK, there are mainly two taxes you could owe on crypto:
- Capital Gains Tax
- Income Tax
These are the top 5 factors to look into during the tax season for crypto software:
- Ease of use and intuitive interface for hassle-free filing
- Support for various crypto assets, including NFTs and DeFi protocols
- Accurate and reliable reporting and compliance
- Integration with major exchanges and wallets for easy transaction import
- Customer support and resources for tax-related questions and concerns
Key Features of Crypto Tax Software for Crypto Investors
Crypto Portfolio Management
A crypto portfolio management feature provides a clear snapshot of your overall portfolio value, allocation, profit/loss ratios, and price changes over time. Some even include advanced analytics, tax reporting features, and integrations with decentralised finance (DeFi) protocols.
- Real-time tracking of crypto portfolio value and performance
- Support for 900+ wallets and exchanges
- Automatic transaction import and categorisation
Support for Various Crypto Assets
This single most important factor helps you smoothly file and manage your crypto taxes since it involves the depth or the breadth of transactions your software can manage. The more assets a software can support, the more seamless your tax filing becomes.
- Support for 300,000+ crypto assets and memecoins
- Historical price tracking for accurate tax reporting
- Automatic import of transactions from over 1000 sources
NFT and DeFi Support
For anyone even slightly familiar with crypto, they would know how complicated NFT and DeFi transactions are. This is mainly because there are multiple steps, and these create a net income, in contrast with profit or loss. Non-fungible tokens and DeFi support in software means:
- Support for 2,000+ DeFi protocols across 150+ blockchains
- Automatic tracking of NFT transactions and value
- Detailed reporting for NFT and DeFi taxes
Tax Compliance and Reporting
If you want to avoid audit penalties from tax authorities, such as the IRS, having an in-built compliance factor in a crypto tax software is worth mentioning. A software with tax compliance and reporting features can turn your complex transaction data into an easy-to-comprehend report, in line with the standards of Form 8949 or Schedule D.
Capital Gains Tax
Since crypto taxes can now be penalised, calculating tax on crypto capital gains is a crucial factor. Any good free crypto tax software should be able to:
- Accurate calculation of capital gains and losses
- Support for tax loss harvesting to minimise tax liability
- Automatic generation of tax reports and forms
Crypto Tax Report
This report is the final and auditable proof and record of your crypto transactions. A crypto tax calculator software should also be able to provide the following for capital gains:
- Comprehensive tax reporting for crypto assets, including NFTs and DeFi
- Full crypto tax report with detailed cost analysis and transaction history
- Exportable tax reports for easy filing with tax authorities
Learning Resources
Built-in learning resources help simplify complex concepts like staking, cost basis, and so on. These come in handy especially during the tax season when crypto investors are in need of understanding more about tax forms, tax saving strategies, paying taxes, tax bills, crypto income, tax figures, and income reports more than ever, in addition to a reliable crypto tax calculator.
Crypto Tax Guides
Since these rules are often changing from a tax perspective, you must be well-informed and aware of the crypto gains on your digital assets and all your transactions. Crypto users must be on top of the knowledge related to their crypto gains, crypto investments, the staking rewards and how many transactions have been documented for the IRS form. Within just a few clicks, your software should be able to provide:
- Comprehensive guides for understanding crypto taxes and regulations
- UK tax rules and regulations for crypto assets
- DeFi and NFT tax guides for accurate reporting
Support and Trust
As already mentioned, crypto concepts are complex at the very basics. Only software with good support should be trusted for tax purposes by UK investors.
5-Star Support
Always choose a 5-star reviewed support since that is something that will help you to avoid deadlines, ensure accuracy in CSV files, and provide an error-free crypto tax calculator. The free version of any good software should at least offer:
- Personalised assistance from crypto tax experts
- Fast and responsive customer support
- Trustworthy and secure data storage and processing
User Reviews and Ratings
In the same vein, before choosing a crypto tax calculator, ensure that it is reviewed good and rated well by users and industry experts. Look not only for a 5-star reviewed support but also other features like tax calculation, documentation, filing support and learning resources.
Full Visibility into Tax Calculations
Complete transparency into your crypto calculations is essential for achieving optimal financial outcomes, and it helps investors make strategic decisions about their digital asset portfolio and tax planning strategies. A specialist crypto software provides a comprehensive, detailed breakdown of your calculations, including capital gains assessments, income computations, and realised losses analysis.
As a result of this level of financial sophistication, investors in cryptocurrencies can have a better understanding of how their liabilities are calculated, and also identify tax harvesting opportunities as well as strategise their investments for enhanced financial outcomes.
With an expert tax report generated by software, you can do a number of things, including checking your entire trade history, examining how net capital gains are calculated, and ensuring your cryptocurrency income is placed in the right area.
Privacy Focused Tax Software
Software that is made to value the privacy of its users has been constructed with highly advanced security features and defensive measures designed to protect your sensitive data. Thanks to state-of-the-art encryption methods and the most stringent data protection regulations, your financial history as well as cryptocurrency information will always remain 100% anonymous and secure across these platforms.
Some more specialised privacy-focused software options give you more control over your personal financial information and your crypto tax data by giving you optional features like anonymous login choices and secure local data storage options.
You can trust privacy-first tax software to help you take care of your financial and crypto tax obligations without compromising your data privacy. In the realm of digital assets and cryptocurrencies, however, where protecting your financial figures and data is as critical for all intents and purposes as it is from a tax report standpoint (if not more so), this extra layer of in-depth archiving security becomes no-frills vital.
Benefits of Using Crypto Tax Software
By automating the calculation of capital gains tax and other crypto taxes, these specialist crypto tax platforms eliminate the guesswork and reduce the risk of costly errors in crypto tax management.
Professional crypto software runs reports of all your cryptocurrencies from multiple wallets and exchanges, so cryptocurrency investors can stay on top of their tax obligations.
The ability to profit strategically is also one of the major perks, allowing stakeholders to deliberately compensate for gains and lessen their overall liability in the market.
And while a specialised crypto software is likely to spare savvy accountants the grunt work and alleviate investor stress during tax season, you will be assured of always being up to date.
Conclusion
With the recent HMRC laws, crypto import transactions as well as export transactions are now classified as taxable activity under the UK tax rules. In light of this new development, investing in good software to calculate crypto tax is in order to ease the tax burden. Look out for various factors you need to look into when choosing a crypto software to save you time and penalties on your exchange accounts.
Frequently Asked Questions
What are crypto taxes, and how do they work?
Crypto taxes, on their own, are not a separate taxable asset. As per HMRC, they are categorised as a taxable property and not an asset under the same tax laws of capital gains and income tax.
Do I need to pay taxes on my cryptocurrencies?
Yes! You will need to pay taxes on your cryptocurrencies, and while in the UK, the laws of the UK will apply to all your transactions.
Are crypto-to-crypto trades taxed?
Yes! Crypto-to-crypto trades are indeed taxable, and they rely heavily on the market value of assets, which are subject to capital gains.
How do I calculate taxes on NFTs?
NFTs are non-fungible, and, hence, each transaction needs to be accounted for separately instead of a pool of similar transactions. While this can be done manually through a self-assessment tax return, it is highly pragmatic, and it is recommended to use a crypto tax calculator to avoid wasting time and money.
How do I generate my crypto tax report and file it with the tax authorities?
This is now a very simple 2-step process. First is the generation of the report, and next is filing it. For report generation, use a specialised software and then file your income tax depending on the current and previous tax years.
What is tax loss harvesting, and how can I use it to minimise tax liability?
This is a smart strategy whereby you let go of an asset causing you loss, intentionally. This, in turn, helps you offset any potential gains, resulting in a lower bill. To use this strategy to your advantage, you need to realise your losses before the 5th of April (the tax year) to offset your gains.
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