# 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)


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.recap.io/uk-tax-guide-for-individuals/transaction-types/transfers.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.