The purchase of crypto is considered, from a clear starting point, as a speculative acquisition – with the result that the sale is taxable. An information that a number of BTC were purchased in 2011-2013 and, entirely in accordance with Bitcoin’s original...
Crypto given as a gift can result in tax exemption upon the sale of the given crypto. However, the clear starting point is tax liability. Tax exemption upon sale requires very strong documentation that the gift was given with a real intention of gifting. The decision...
A recent binding answer from the Tax Council illustrates a central prerequisite for obtaining a deduction for losses when trading with crypto assets. The short version: Only when a token is sold is a loss realized that can be deducted on the annual statement. The long...
A new binding answer supports that if you stake through a protocol or staking service that does not convert your staked tokens into other tokens, then it does not trigger tax liability. In the case, some tokens were “locked” via Nexo in a way where the...
