The New Zealand Inland Revenue Oct. 9 issued Technical Decision Summary No. 25/23, clarifying the tax treatment of crypto asset disposals. The taxpayers, individuals jointly holding interests in crypto assets, purchased a specified crypto asset and subsequently disposed of almost half their holdings upon a price increase of that asset. They invested approximately 30 percent of the sale proceeds into shares and bonds and reinvested the rest back into the asset. The taxpayers sought clarification on various issues, including whether amounts derived from the disposal of the crypto asset, including the disposal of staking rewards, were income. Upon review, the ...