Cryptocurrencies are an interesting one. Most people are buying them purely to speculate and sell later at a higher price. By definition, this is the intention test, and it is all caught under current law - gains are taxable.
What argument would they use other than that? I suppose you could be using it as a foreign-owned store of value, concerned that the NZD is going to drop, or maybe they want access to a secure and secret payment network? Though they'd need evidence that's how they're using it, not just speculation.
What argument would they use other than that? I suppose you could be using it as a foreign-owned store of value, concerned that the NZD is going to drop, or maybe they want access to a secure and secret payment network? Though they'd need evidence that's how they're using it, not just speculation.
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