📝 Description
This guide describes how Waltio treats deposit labels for United Kingdom reporting. Seek professional advice for circumstances outside standard reporting.
📂 Deposit labels
Label | Impact calculation / acquisition price | Taxable? | Holdings impact | Example |
CFD gains | AP: market price on receipt. No standard crypto cost basis. | ✅ Specific regime; ❌ not taxable in Waltio | ⏫ Increase | Consult a lawyer. Create a separate |
No label | AP: EUR 0. | ❌ | ⏫ Increase | Label or match every deposit. |
Masternode, staking and farming | AP: market price on receipt. | ✅ Income Tax | ⏫ Increase | Receive 0.3 ETH worth USD 300. AP and taxable base: USD 300. |
Mining gains | AP: market price on receipt. | ✅ Income Tax | ⏫ Increase | Receive 1 ETH worth EUR 1,000. AP: EUR 1,000. |
Play-to-earn gains | AP: market price on receipt. | ✅ Income Tax | ⏫ Increase | Receive 1 EMY worth EUR 1,000. AP and taxable base: EUR 1,000. |
Liquidity withdrawal | AP equals initial AP of crypto deposited, excluding gain. | ❌ | ⏫ Increase | Buy 1 ETH for EUR 1,000. Deposit and withdraw 1 ETH when worth EUR 2,500. AP: EUR 1,000. |
Receive ICO tokens | AP: market price on receipt. | ❌ | ⏫ Increase | Receive 100 EMY worth EUR 1,000. AP: EUR 1,000. |
Cashback | AP: market price on receipt. | ❌ | ⏫ Increase | Receive 0.01 BNB worth EUR 10. AP: EUR 10. |
Airdrop | AP: market price on receipt. | ✅ Other income from services | ⏫ Increase | Receive 1 EMY worth EUR 100. AP: EUR 100. |
Fork | AP: EUR 0. | ❌ | ⏫ Increase | Receive forked coins worth USD 100. AP: EUR 0. |
Other gains | AP: market price on receipt. | ✅ Income Tax | ⏫ Increase | Avoid this label where possible. |
Salary | AP: market price on receipt. Use the payslip. | ✅ Specific salary regime; ❌ not taxable in Waltio | ⏫ Increase | Consult a lawyer. Create a separate |
Swap | AP: initial purchase price of crypto sold. | ❌ Deposit; ✅ withdrawal is taxable | ⏫ Increase | Swap 1 BTC for 10 ETH at EUR 1,000 each. AP of 10 ETH equals initial AP of BTC. |
Buy crypto with fiat | AP: purchase price plus acquisition fees. | ❌ | ⏫ Increase | Buy 1 BTC for EUR 10,000. AP: EUR 10,000. |
Scam | AP: EUR 0. Not included in calculation. | ❌ | ⏸ No change | Scam amount: EUR 1,000,000. AP: EUR 0. |
Transfer between accounts | AP: initial AP of the transferred crypto. | ❌ | ⏫ Increase | Buy 1 ETH on Binance for EUR 1,000. Transfer it to MetaMask when ETH is EUR 3,000. AP: EUR 1,000. |
Unstaking | AP: initial AP of staked crypto. | ❌ | ⏸ No change | Buy 1 ETH for EUR 1,000. Unstake it when ETH is EUR 3,000. AP: EUR 1,000. |
Donation received | AP: fiat value declared by the donor. | ❌ | ⏫ Increase | Donor declares 1 BTC at USD 15,000. BTC is worth USD 16,000 on receipt. AP: USD 15,000. |
Loan | AP: loan amount's market price on receipt. | ❌ | ⏫ Increase | Borrow 0.5 BTC when BTC is EUR 8,000. AP: EUR 4,000. |
Collateral reimbursement | AP: initial AP of the collateral crypto. | ❌ | ⏸ No change | Buy 10 ETH for USD 8,000. Use as collateral, then receive them back when worth USD 15,000. AP: USD 8,000. |
💡 Recommendations
CFD gains and salary use specific tax regimes. Get professional advice where required.
Losses, hacks and CFD transactions need supporting evidence.
Label or match every transaction. UK capital-gains calculations apply same-day matching, the 30-day rule, and the Section 104 pool. An unlabelled deposit or withdrawal can therefore alter the acquisition price and capital-gains calculation.
Read the UK calculation and pooling rules.