Cryptocurrency Tax
​Involvement with crypto assets prompts the need to understand potential tax liabilities for specific transactions. We're here to assist in identifying applicable taxes and quantifying potential tax obligations.
Broadly speaking, when you sell a crypto asset exchange token like Bitcoin at a profit, you might be subject to Capital Gains Tax (CGT).
​
Moreover, receiving cryptoassets might also entail other tax responsibilities.
​
For an overview of primary tax considerations tied to cryptocurrency activities—such as purchasing, selling, and investing—refer to our comprehensive guide.
​
The guide encompasses:
-
Understanding cryptocurrency
-
Jurisdictional tax status of cryptocurrency
-
Tax implications of crypto gains
-
Rates for Crypto Capital Gains Tax
-
Handling miscellaneous receipts
-
Rates for Crypto Miscellaneous Income Tax
-
Tax calculation for cryptocurrencies
-
Timing of crypto tax payments
-
Business-oriented crypto tax payment
​
We're Here to Support You:
It's vital to recognize that the tax treatment of cryptocurrency remains fluid, influenced by evolving technology and the evolving interpretations of tax regulations by authorities. Determining the pertinent tax rules hinges on specific circumstances. This is where PolTax Accountants excels, adept at navigating complex tax regulations to suit your unique situation.
​
​
​
​​
Engage with Us through a Simple Three-Step Process:
1.Get in touch
Schedule a Complimentary Consultation, either in-person or through video, with a nearby accountant. This relaxed conversation allows us to become acquainted with you and gain deeper insights into the specific assistance you're seeking.
2.Chat to an expert
We provide transparent explanations of the available assistance, and we're more than willing to serve as business advisors to aid in the expansion of your enterprise.
3.Get a quote
Our pricing is set and customized to suit the unique needs of each individual, ensuring that you're charged solely for the support and services that match your specific requirements.