crypto capital gains tax in New Zealand?

Ausfag checking in. Am guessing it's similar to whatever our rules are... Anyone know what they are?

>>3150981

No capital gains in nz at all if you hold for more than 12 months. If you make a habit of trading in and our of NZD then they treat it like regular income. Crypto-to-crypto trading before back to NZD is less clear but generally capital gains isn't applied if you hold more than 12 months.

>>3150963
fucking wheres a reasonable eth fiat exchange in this shithole

>>3151062
When you say hold, do you mean if you put $300 into BTC on 18/7/17, you can't remove it until 18/7/18, otherwise you'll get the tax? Like, you can't transfer it between different coins during that time?

>>3151075
cryptopia? lol

>>3151075
Cryptopia is easiest thing I can find now.

Bank transfer to their acct with your ref id, get credited within ~12 hours with an equivalent number of NZDT ($1 = 1 NZDT) then you can trade this on the exchange for BTC, ETH etc.

I haven't tried it myself, but plus500 is available in NZ and has cfds you can use to trade crypto with. I've seen some anons mention it on biz, but I doubt they were from NZ.

>>3151218
Plus500 doesn't let you own actual crypto and is always leveraged (1:10 up to 1:30 depending on the coin). It's alright for trading but useless for a hodl strategy.

Where are you guys buying BTC? Everywhere seems like a rip off or a massive drama.
Localcoins is literally triad chinks who demand all your details before trade

>>3151117

I'm talking about taking it in and out of NZD.

>>3151351

Use Independent Reserve. It takes kiwis cuz

>>3151464
So technically it counts from the day it is converted into a coin, until the day it's converted back? Regardless of how many coins it is put into during that time?

>>3151491

Definitely a question to ask an accountant. It's something that would have come up before long ago, with regards to swaps of capital assets eg stock swaps.