Specifically, we can assist with advice around tax obligations and the treatment of transactions involving cryptoassets. We also prepare webinars and other advisory content to provide further insight into the cryptoasset space. Here's some guidance from our team around the changing tax view of cryptoassets.
Guidance for those who invest in and own cryptoassets
You may know it as cryptocurrency, but from the IRD’s point of view, the correct term is cryptoassets and the currency is taxed as if it's an asset rather than a currency.
The IRD has recently released guidance on cryptoassets for individuals, businesses and taxing cryptoasset income, with the emphasis being around transacting with cryptoassets. Our team has put together a handy overview of the ins and outs of the tax treatment of cryptoassets for investors.