I am current on trial period with your software and it has done a good summary of my trading in two periods.
I have loaded up my history from two exchanges
- from June to Dec 2020 with Coinbase
- From January to now with Finance
BUT for tax it is key to note as evident in the transactions that:
In december I liquidated all my coin base holdings
In January I started again with Binance.
Your software does not appear to recognise the disposals which under UK tax would become taxable as i understand it regardless of buying back shortly after. It shows the whole gain as unrealised and rolls the first coin purchases with coinbase into the net average costs of the second coin purchase phase with Binance. In UK tax I think this is only the case if the earlier sales were at a loss not for a profit.
Is this something that is adjusted for in the final statements for the tax return, if not are you sure this is correct under UK tax?
Please advise as without proper calculation of the tax the use is somewhat limited for my purpose.
As a further development it would be useful to have a tax free transfer option e.g. to my wife.