𝐋𝐨𝐬𝐭 𝐜𝐫𝐲𝐩𝐭𝐨 𝐝𝐨𝐞𝐬𝐧’𝐭 𝐦𝐞𝐚𝐧 𝐥𝐨𝐬𝐭 𝐭𝐚𝐱 𝐛𝐮𝐫𝐝𝐞𝐧.

A lot of UK crypto holders assume that once access to a wallet is gone, so are the tax responsibilities. But under HMRC’s rules, that’s not how it works.

Lost access does not equal tax exemption.
Until you file a Negligible Value Claim, those assets still sit in your cost basis and could inflate your capital gains liability.

Let’s say you lost access to:
- A hardware wallet with thousands in tokens
- A seed phrase scribbled on a long-lost piece of paper
- An exchange wallet you can’t recover

Even if they’re truly gone, they're still reportable, unless you’ve submitted the right claim.

And here’s the kicker:
➡️ A poorly made or undocumented claim won’t hold up under HMRC review
➡️ Claims must be precise, timestamped, and supported with documentation
➡️ Every impacted token must be reconciled in your share pool

Without it, you risk:
→ Paying tax on ghost assets
→ Misreporting gains
→ Triggering penalties or audits

At Crypto Accountants, we specialise in making these problems disappear, from your spreadsheets and your stress levels. We trace transactions, rebuild histories, and file formal Negligible Value Claims the right way.

With over 20% of Bitcoin believed to be unrecoverable, this issue isn’t rare, it’s widespread. And the sooner your records reflect reality, the safer your position is with HMRC.

Let us help you restore a defensible, compliant tax position.

Explore our crypto reconciliation services: www.cryptoaccountants.live

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If you are receiving crypto through staking or airdrops in the UK, it’s not just a nice bonus — it’s also taxable income.

Even if you haven’t sold a single coin, HMRC still expects you to declare the value of what you received on the day it landed in your wallet.

Here’s what you need to keep in mind:
✔️ Staking rewards and airdrops count as income, not capital gains
✔️ You’ll need to report them on your Self Assessment tax return
✔️ Keeping detailed records now can save you from big headaches later

Too many crypto investors fall into the trap of thinking tax only applies when they cash out. That’s not the case — and missing out on reporting your crypto earnings can lead to costly penalties.

Why go through the complexities of crypto tax alone?

At Crypto Accountants, we specialise in taking the guesswork out of crypto compliance. Whether you’re casually staking or receiving regular rewards, we’ll make sure it’s all reported accurately and in line with UK regulations.

🧾 Stay compliant. Stay stress-free.

🌐 www.cryptoaccountants.live

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📊 Did you know poor bookkeeping is the #1 reason businesses fail?

For crypto traders and businesses, messy records mean missed profits, incorrect tax filings, and unnecessary penalties. But with CryptoAccountants, you’ll never face those issues again!

Here’s what we do for you:
✔️ Track every transaction, from small trades to bulk sales.
✔️ Automate profit and loss calculations.
✔️ Stay ready for audits and tax seasons.

Whether you’re a seasoned trader or running a blockchain startup, clean books are the foundation of success.

💬 Book a FREE consultation with the Crypto Accountants and learn how we can simplify your bookkeeping!

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📒 Are your books ready for the crypto revolution?
Tracking crypto transactions is no small feat, but with our expert bookkeeping services, your financial records will always be up-to-date and audit-ready.
🌟 Let us handle the numbers while you focus on building your crypto empire.
💼 Let’s bring clarity to your crypto today.
📩 DM us or visit cryptoaccountants.live now.

This proposal raises critical concerns. If it applies to non-custodial wallets, it’s unrealistic, as users control their private keys. Forcing wallet providers to compensate victims without recovering funds could lead to severe financial losses, stifling innovation. A better approach would be emphasizing security measures and fraud prevention rather than placing undue burdens on providers.

Binance SOL staking might just be the game-changer you need. It's a straightforward way to put your Solana holdings to work while you sit back and watch them grow.
At Crypto Accountants, we’re all about simplifying crypto strategies and helping you make the most of your investments, without the confusion.