If you are a cryptocurrency investor, a capital gains tax event may occur when you dispose of cryptocurrency.  A disposal can occur when you:

  • sell cryptocurrency
  • gift cryptocurrency
  • trade or exchange cryptocurrency
  • use cryptocurrency to obtain goods or services

If you have set up a business with the intention of generating profit from the purchase and sale of cryptocurrency you may be treated as a cryptocurrency Trader.  If so, the net profit will be taxed at marginal tax rates.

For further information on transacting in cryptocurrency, click below.