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Deduct relevant expenses: According to gains may be taxable as a specific capital gains tax CGT on cryptocurrencies.
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Deduct relevant expenses: According to gains may be taxable as a specific capital gains tax CGT on cryptocurrencies.
Accordingly, it is important to keep good records for all your transactions with cryptoassets. In such cases, the crypto asset received takes on a cost basis equal to zero so that the full amount is taxed at the time of disposal in the future � which brings us to the next question: When is a cryptocurrency airdrop taxed at the time of disposal? The selling price, also called the proceeds , is simply the value of the crypto asset sold at the time of the transaction in New Zealand dollar. Generally, you may use an authoritative cryptocurrency tracking website such as Coinmarketcap or Coingecko.
