Chartered Accountants and Cryptocurrency Specalists
Update (March 2021): We have recently submitted binding rulings with IRD on the position outlined below (further reading here). At this point in time, tax-free capital gains from cryptocurrency are unlikely. A potential tax-free position requires the taxpayer to show…
Read More Cryptocurrency Purchased to Earn an Income – Part 2
Update (March 2021): We have recently submitted binding rulings with IRD on the position outlined below (further reading here). At this point in time, tax-free capital gains from cryptocurrency are unlikely. A potential tax-free position requires the taxpayer to show…
Read More Cryptocurrency Purchased to Earn an Income – Part 1
IRD have made an overhaul to their cryptocurrency guidance. Their updated information can be found here. In summary, there are no significant changes or updates to the taxation of cryptocurrency, however the guidelines do provide some (but limited) clarity about…
A transfer of a cryptocurrency token from one wallet to another, or from a wallet to an exchange (or vice versa) is not a taxable event. Before and after a transfer, the cryptocurrency token is owned (and controlled) by the…
Read More Transferring Cryptocurrency Between Wallets or Exchanges
