> For the complete documentation index, see [llms.txt](https://docs.recap.io/uk-tax-guide-for-individuals/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.recap.io/uk-tax-guide-for-individuals/transaction-types/transfers.md).

# Transfers

![](/files/p1cVKqfSPq3tpF3bs2mz)

{% hint style="info" %}
A transfer is a movement of crypto between your own accounts and wallets.
{% endhint %}

## Tax Treatment of a Transfer

A transfer of crypto between your own accounts and wallets is not classified as a disposal and therefore is not a taxable event. It is important to keep a record of all of your transfers in case they are ever wrongly assumed as disposals by HMRC and treated for tax.

{% hint style="warning" %}
Transfer fees are sometimes incurred and may be taxable.
{% endhint %}

## Transfers in [Recap](https://recap.io/)

Recap treats all deposits and withdrawals as transfers between your own accounts. There is therefore no change in beneficial owner and no tax impact. That said there is often a fee associated with withdrawing funds which is technically a disposal for tax purposes. 

![](/files/HpFGbmFqunzjUSyDRaAa)