ACT proposes tax exemption for crypto gains held over a year
ACT plans to introduce a bright-line test making digital asset profits tax-free if held for at least one year.
The ACT party is proposing a new tax framework for digital assets, including cryptocurrency. Under the proposal, profits from digital assets would be exempt from tax if they are held for a year or longer. The plan introduces a bright-line test to determine eligibility for the tax break.
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Otago Daily Times
Act promises tax-free crypto gains after a year
interest.co.nz
ACT proposes new rules and tax breaks for crypto and other digital assets
ACT proposes introducing a bright-line test to make profits from digital assets exempt from tax if they're held for at least a year