More than selling for dollars
A disposal can include selling for money, exchanging one cryptoasset for another, paying for goods or services, or giving cryptoassets away. Treatment depends on applicable tax rules and circumstances.
Transfers between your own wallets
IRD distinguishes moving cryptoassets between wallets, addresses or accounts that all belong to you from a disposal. Preserve evidence so that transfers can be reconciled without being confused with sales.
Before you act
Record the date, assets, fees and NZD value. Do not assume a swap is tax-free simply because you did not withdraw money to a bank account.
Sources & further reading
This website provides general educational information only. It does not provide individualized financial, investment, legal or tax advice. Cryptocurrency involves risk, including potential loss of capital.