0 comments on “Tax Treatment of Capital Assets in Cryptocurrency Mining”

Tax Treatment of Capital Assets in Cryptocurrency Mining

We’ve recently been asked to discuss the tax treatment of capital assets purchased for cryptocurrency mining. In most situations capital assets (such as computers or graphics cards) are used 100% for the cryptocurrency mining operation and depreciation is claimed. The…

0 comments on “Migrating to New Zealand with Cryptocurrency – A Temporary Foreign Tax Exemption”

Migrating to New Zealand with Cryptocurrency – A Temporary Foreign Tax Exemption

A New Zealand tax resident normally pays tax on their world-wide income. However, for new migrants arriving to New Zealand, there is a temporary tax exemption on foreign income. If you qualify, you do not pay tax on your foreign…

0 comments on “Lessons from the 2017 bull run – from a Cryptocurrency Accountant”

Lessons from the 2017 bull run – from a Cryptocurrency Accountant

Bitcoin is up 52% this month (so far today). This reminds me of the bull run during late 2017 where checking the blockfolio app on my phone was as addictive as cocaine. Currently we are seeing bitcoin dominate; compared to…