RevoGain allows you to generate your gains and taxes from trading stocks, crypto, and commodities using Revolut, Kraken, or Tradesilvania.
Once you register, you can log into the application. Afterward, you can purchase credits that allow you to generate your trading gain report.
RevoGain uses FastSpring to process your payments. FastSpring is an award-winning online shopping platform. So, your payments are secured by FastSpring. We don't store your credit card information or trading data.
Yes, we do. In fact, we require you to export the entire trading statement from the very first month you started trading to the latest month. This is necessary since the First In, First Out methodology is used for calculating your trade gains.
Yes, we do! We know how tedious it is to calculate crypto trading gains, so we love to ease that process for you.
You're in luck! You can generate your trade gain for both Gold (XAU) and Silver (XAG) that you traded on Revolut.
Yes, of course! If you choose the GBP currency during report generation, we then allow you to choose April 6th as the tax year starting date.
However, as explained in this article, you should note that the UK has very complex trade gain rules, and the FIFO (First In, First Out) method used by Revogain might not be suitable for you.
Of course, we can! If your crypto statements contain staking rewards, we will aggregate them and provide you with the overall sum you've gained yearly.
Of course not!
While the FIFO (First In, First Out) method is usually preferred by some tax authorities as it may produce a higher gross profit, as explained in this article, not all tax authorities use it in every circumstance. So, before using Revogain, you should talk to an accountant to know whether the FIFO method works for you.