Tax Overview: Staking Cryptocurrency

This article outlines the income tax treatment of cryptocurrency staking income. It includes examples of how cryptocurrency staking rewards are taxed as well as disposing the underlining crypto. Staking cryptocurrency is becoming more popular with specific providers such as Celsius…

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…

Cryptocurrency Purchased to Earn an Income – Part 1

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…