Chapter 5

Record Keeping

Record keeping primarily lies in the hands of the individual holding cryptoassets. While crypto exchanges provide some form of transaction records, these records last only a limited time and could no longer be existing come the time for tax return filing.

Hence, you, as the prudent crypto holder, should keep a record of the following, encompassing all cryptoassets you have:

  • Cryptoasset type

  • Transaction dates

  • Number of units

  • Transaction values in pound sterling

  • State of the tokens (bought or sold)

  • The cumulative total of all crypto investment units held

  • Wallet address/es

  • Bank statements